News Details

US GP future in doubt

The future of the United States GP at the Circuit of the Americas is in doubt after the race reportedly lost 20 per cent of their state backing. The Austin American-Statesman reports that the governor's office will reduce their support payment from around $25m to $19.5m, based on a different formula of calculating how much economic activity the race generates for Texas. "To use a technical term, I think we're screwed," CoTA chairman Bobby Epstein told the publication. "The state clearly made promises. I think we made a deal, and we lived up to our end of the deal," he said of the recalculation. "It's like if you go to a restaurant and order a dinner, and then after...
Full Story »
10y ago from SkySports.com 0
Share

You May Also Be Interested In...

USGP under threat after state subsidy cut

– Doubt has been cast over the future of the United States Grand...
10y ago from GPUpdate.net

US GP under threat

The future of the US GP in Austin is in doubt as state officials reduce...
10y ago from Pitpass.com

Future of US F1 Grand Prix in doubt

Formula One's commercial supremo Bernie Ecclestone has expressed concern...
10y ago from SuperSport.com

'We're screwed' says COTA chairman as funding is cut

The United States Grand Prix, held at the Circuit of the Americas in...
10y ago from GrandPrixTimes.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal on alert as 100m-rated midfielder becomes...

Breno Bidon has been linked with a move away from Corinthians this summer....
8h ago from CaughtOffside.com

Arsenal and Chelsea target 18-year-old World Cup...

Ayyoub Bouaddi has been linked with a move away from LOSC Lille this...
9h ago from CaughtOffside.com

Diego Simeone makes first public statement on Julian...

Atletico Madrid manager Diego Simeone has made his first public statements...
10h ago from CaughtOffside.com

Liverpool handed opportunity to sign La Liga star for...

Jules Kounde has been linked with a move away from Barcelona during the...
9h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.