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
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
1d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
1d ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
1d ago from Motorsport.com
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
6d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou smokes the field to secure IndyCar pole at...
IndyCar is visiting another of its iconic natural terrain road courses...
2h ago from MotorsportWeek.c...
Alex Palou adds a Mid Ohio pole position to his...
No description available...
1h ago from Motorsport.com
IndyCar Mid-Ohio – Qualifying Results
The NTT IndyCar Series completed a knockout qualifying session at...
2h ago from MotorsportWeek.c...
Alex Palou flies to the front in second IndyCar...
On Saturday morning, IndyCar headed back out on track to complete their...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
1d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
2d ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal reach agreement on personal terms with 15 G/A...
Arsenal are looking to sign at least two attacking players this summer,...
3h ago from CaughtOffside.com
Reliable source: 90m forwards ‘absolute...
The rumour mill is in full swing today, despite it being a Saturday...
6h ago from FreshArsenal.com
Personal terms agreed for Arsenal to sign Premier...
Arsenal have still only officially announced one signing this summer, but...
5h ago from FreshArsenal.com
Chelsea expecting Arsenal bid for Madueke
Chelsea are expecting an offer from Arsenal for Noni Madueke.
4h ago from SkySports.com
Comments
Hottest News
Button names ‘worst teammate to have’ in F1 – and...
F1 world champion Jenson Button has nominated the... Read More »
8h ago from F1i.com
F1 2025 British Grand Prix – Qualifying Results
Max Verstappen secures pole position for the... Read More »
6h ago from MotorsportWeek.com
Lewis Hamilton RUNS OUT OF FUEL in embarrassing Ferrari...
F1 champion Lewis Hamilton nearly made a shock Q1... Read More »
2h ago from GPFans.com
