News Details
Ecclestone gives Austin some breathing space
Following a shortfall in its state subsidy, Bernie Ecclestone is allowing COTA to pay race hosting fees late. The shortfall is due to changes to the way in which the benefits of hosting the race in Austin are calculated, this in turn following control of such matters coming under the jurisdiction of Governor Greg Abbott’s office, the original deal having been agreed by (then) Governor Rick Perry and state Comptroller Susan Combs. In 2012, 2103 and 2014, the state paid $25m, but this year, just weeks before the race was to be held it was announced that the subsidy would drop to $19.5m, leading to Circuit of the Americas Chairman Bobby Epstein to famously admit 'we're screwed'....
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
'We're screwed' says COTA chairman as funding is cut
The United States Grand Prix, held at the Circuit of the Americas in...
9y ago from GrandPrixTimes.com
Future of US F1 Grand Prix in doubt
Formula One's commercial supremo Bernie Ecclestone has expressed concern...
9y ago from SuperSport.com
Austin's F1 race is in jeopardy, no USGP again?
F1 News Austin's F1 race is in jeopardy, no USGP again? Formula1blog.com...
9y ago from Formula1Blog.com
COTA chairman: I think we're screwed
The Circuit of the Americas (COTA) has been hit by a funding cut, leading...
9y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
2d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
2d ago from MotorsportWeek.c...
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
1w ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou chooses to view costly Mid-Ohio mistake as...
Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...
11h ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
12h ago from MotorsportWeek.c...
Scott Dixon capitalizes on Alex Palou’s mistake to...
The beginning of a busy stretch for IndyCar got under way on Sunday, with...
12h ago from MotorsportWeek.c...
Winners and Losers from the IndyCar Mid Ohio 200
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
3d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
3d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
’There is no one like him’: what Martín Zubimendi...
No description available...
49m ago from TheGuardian.com
Revealed: How much Arsenal will pay Viktor Gyokeres in...
Arsenal’s pursuit of Viktor Gyokeres has taken a significant step...
1h ago from CaughtOffside.com
All the best photos of Martin Zubimendi signing for...
Arsenal have completed the high-profile signing of Spanish midfielder...
2h ago from FreshArsenal.com
Arsenal face competition for transfer target as PSG...
According to a report by N Brasil via Madrid Universal, Arsenal could face...
1h ago from SportsKeeda.com
Comments
Hottest News
F1: Wolff reflects on 'catastrophic' strategy
Aggressive tyre strategy sees Mercedes leave... Read More »
49m ago from Pitpass.com
Lando Norris at risk of FIA punishment in post-race drama...
Lando Norris could be at risk of an FIA... Read More »
2h ago from GPFans.com
Fernando Alonso sticks boot in Lewis Hamilton rivalry with...
Two-time world champion Fernando Alonso has once... Read More »
1h ago from GPFans.com
