News Details
Boost for COTA as letter guaranteeing funding discovered
The United States Grand Prix held at the Circuit of the Americas in Texas has received fresh hope that its future could be secured, following the discovery of a letter guaranteeing its state funding. Just two weeks after the 2015 event, the new government informed circuit bosses that it would cut its contribution from $25 million annually to just $19.5m, creating a massive funding shortfall. COTA Chairman, Bobby Epstein, admitted they were "screwed" and hinted that they might take legal action against the local government, believing they had a ten-year funding guarantee. Forbes revealed this week that a letter from former state comptroller Susan Combs has now emerged,...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Fresh hope for Circuit of the Americas
Barely two weeks after the United States Grand Prix at the Circuit of the...
9y ago from Pitpass.com
Commitment to pay $25m provides lifeline for USGP
XPB Images
A commitment from the State of Texas to pay...
9y ago from F1i.com
Ecclestone casts more doubt on 2016 USGP
XPB Images
Bernie Ecclestone has voiced his doubts over...
9y ago from F1i.com
Haas on track to roll out new F1 car for Barcelona test
Formula One debutants Haas are on schedule to roll out their new car at...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo rates his 2025 MotoGP campaign 5/10
No description available...
13h ago from Motorsport.com
MotoGP exploring options to return to China after...
MotoGP series promoter Dorna is reportedly considering a return to China...
19h ago from MotorsportWeek.c...
Why KTM would be wise to prepare for a future without...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
10h ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
13h ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why WRC drivers thought Rally Saudi Arabia was too...
No description available...
1d ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
3d ago from Motorsport.com
Ott Tanak looking forward to break from full-time...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Brentford Prediction and Betting Tips |...
Arsenal and Brentford will battle for three points in an all-London affair...
9h ago from SportsKeeda.com
Arsenal, Chelsea and Liverpool learn asking price for...
Real Madrid midfielder Eduardo Camavinga has been linked with a move away...
11h ago from CaughtOffside.com
Theo Walcott makes claim about Chelsea's PL title...
Former England star Theo Walcott believes Chelsea are a threat to Arsenal...
10h ago from SportsKeeda.com
Mikel Arteta hails ‘more reliable’ Arsenal squad...
t;li>Manager confident squad-building lessons learned He hopes Havertz...
18h ago from TheGuardian.com
Comments
Hottest News
Australian politician raises Oscar Piastri-McLaren F1 title...
One Australian politician has raised the idea... Read More »
41m ago from RacingNews365.com
Christian Horner's 'cunning plan' comes to life for Abu...
Sky Sports F1 have thrown back to a clip where... Read More »
11h ago from GPFans.com
If McLaren order Piastri to hand Norris the title, he's...
'Multi 21'. 'Fernando is faster, do you... Read More »
10h ago from GPFans.com
