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 »
10y 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...
10y ago from GrandPrixTimes.com
Future of US F1 Grand Prix in doubt
Formula One's commercial supremo Bernie Ecclestone has expressed concern...
10y 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...
10y 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...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP's expected departures leave WorldSBK's 2027...
As MotoGP's 2027 rider line-ups near completion, multiple expected...
3h ago from MotorsportWeek.c...
MotoGP’s new era: one bike in practice and less...
No description available...
5h ago from Motorsport.com
Jorge Martin escapes injury but hit with penalty for...
No description available...
2d ago from Motorsport.com
MotoGP's new Concorde Agreement receives green light
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Official race results: IndyCar 2026 at WWT Raceway
No description available...
23h ago from Motorsport.com
Josef Newgarden continues to ascend in IndyCar’s...
No description available...
21h ago from Motorsport.com
Complete IndyCar championship standings after 2026 WWT...
No description available...
23h ago from Motorsport.com
Christian Rasmussen pushing to resurrect “tough...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
4d ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
6d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Aston Villa preparing offer as Arsenal join race for...
Aston Villa are looking to improve their defensive unit during the summer...
41m ago from CaughtOffside.com
Transfer battle brewing as Arsenal, Man United and...
Morgan Gibbs-White continues to be linked with a move away from Nottingham...
1h ago from CaughtOffside.com
Manchester City in pursuit as Arsenal hesitate over...
Arsenal are interested in signing Newcastle United full-back Tino...
2h ago from CaughtOffside.com
“Is this the spirit of football? Really?” - Ian...
Arsenal legend Ian Wright has hit out at FIFA and the United States after...
3h ago from SportsKeeda.com
Comments
Hottest News
Fernando Alonso teases remarkable Aston Martin recovery...
Fernando Alonso scored Aston Martin's first point... Read More »
2h ago from RacingNews365.com
Martin Brundle issues brutal verdict as F1 court handles...
Feeling sorry for F1 stewards is a bit like... Read More »
1h ago from GPFans.com
The real reason Toto Wolff pulled out of Alpine purchase
Alpine F1 boss Flavio Briatore has revealed what... Read More »
3h ago from GPFans.com
