News Details
'We're screwed' says COTA chairman as funding is cut
The United States Grand Prix, held at the Circuit of the Americas in Austin, could be under threat after the State of Texas announced it will be cutting its funding for the event. The race was built upon a deal with the local government that provided around $25 million in annual funding through an events subsidy, with the amount based on its economic impact on the region. However it's now believed the state will reduce that amount by around 20 per cent to $19m, hitting the circuit with a roughly $6m funding shortfall with which it must now cover itself. "To use a technical term, I think we're screwed," COTA chairman Bobby Epstein said. "It's hit us cold. No one...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Austin's F1 race is in jeopardy, no USGP again?
F1 News Austin's F1 race is in jeopardy, no USGP again? Formula1blog.com...
10y ago from Formula1Blog.com
Mexico Circuit President Willing to Work with COTA
The President of the Autodromo Hermanos Rodriguez believes that...
10y ago from F1Hub.net
2015 Brazilian Grand Prix: Recent History Should...
Much of the intrigue of the 2015 FIA Formula 1 World Championship...
10y ago from TheCheckeredFlag....
US GP future under threat as Texas cuts state subsidy
The future of the US GP has been thrown into doubt by the news that the...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
2h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
1h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
33m ago from Motorsport.com
2026 MotoGP Buriram Test: Schedule, entry list and how...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher gaining confidence on ovals after...
No description available...
21h ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
1d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
1d ago from MotorsportWeek.c...
Alexander Rossi fastest as rain disrupts second...
The NTT IndyCar Series completed the second and final day of testing at...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
5d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
43m ago from CaughtOffside.com
'It's more important for Arsenal' | Soccer Saturday...
Tim Sherwood and Clinton Morrison look ahead to the North London derby and...
33m ago from SkySports.com
Premier League club exploring deal to sign 19-year-old...
Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
3h ago from CaughtOffside.com
Talks held: Arsenal step up efforts to beat Man Utd to...
Arsenal have reportedly held initial talks over a potential transfer move...
4h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin’s nightmare: Honda owns up to power unit...
Aston Martin engine supplier Honda has publicly... Read More »
2h ago from F1i.com
Is Ferrari pulling a pokerface over its true F1 2026 pace?
Ferrari finished the second F1 Bahrain... Read More »
5h ago from MotorsportWeek.com
Andrea Stella makes startling McLaren pace admission ahead...
Andrea Stella has made a startling admission on... Read More »
1h ago from MotorsportWeek.com
