News Details
Ecclestone grants Austin extra time to pay hosting fee
The United States Grand Prix, hosted at Austin's Circuit of the Americas, has been cut some slack by Bernie Ecclestone in light of funding cuts by the local government. COTA had been receiving around $25 million (£16.4m) in state funding, much of which is used to cover the hosting fee demanded by Formula One Management. However this year that has been cut to just $19m (£12.4m) due to the way in which the races economic impact is calculated. As a result, Ecclestone has granted the race organisers additional time to pay their fee for the 2015 event. "We said they can pay late this year," the 85-year-old told the Austin American-Statesman. "They get money...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Ecclestone gives Austin some breathing space
Following a shortfall in its state subsidy, Bernie Ecclestone is allowing...
10y ago from Pitpass.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
Austin yet to pay Formula 1 fee for 2015
Formula 1 supremo Bernie Ecclestone hopes Austin can get the future of...
10y ago from GrandPrix247.com
US GP future under threat as Texas cuts state subsidy
The future of the US GP has been thrown into doubt by the news that the...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
1h ago from Motorsport.com
Fabio Quartararo denies signing 2027 Honda MotoGP...
Fabio Quartararo has admitted he is in talks with Honda for a 2027 MotoGP...
45m ago from MotorsportWeek.c...
Fabio Quartararo to return home after breaking finger...
No description available...
45m ago from Motorsport.com
Toprak Razgatlioglu explains his adaptation to MotoGP...
Toprak Razgatlioglu reveals his initial thoughts on adapting to Michelin...
1h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Nolan Siegel says pressure of contract year...
No description available...
18h ago from Motorsport.com
IndyCar announces Donald Trump-backed race on National...
IndyCar has announced an inaugural race on America's National Mall,...
1d ago from MotorsportWeek.c...
Will Power: Andretti “will be the best team in the...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
5d ago from Motorsport.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Not Saliba: Real Madrid eyeing ambitous move for...
Real Madrid are once again casting a close eye over the Premier League’s...
55m ago from CaughtOffside.com
Arsenal, Man City & Chelsea to enter summer...
Sandro Tonali is once again emerging as a major talking point ahead of the...
45m ago from CaughtOffside.com
Madueke to haunt Chelsea after getting off mark at...
Noni Madueke made use of the time wisely. With around 20 minutes until...
3h ago from SkySports.com
Arsenal vs Chelsea live on Sky: Gunners waiting on...
No description available...
3h ago from SkySports.com
Comments
Hottest News
Aston Martin employee does not believe his eyes: 'This...
As an Aston Martin employee, you're naturally a... Read More »
1h ago from RacingNews365.com
Audi fires shot at F1 titans — but braces for engine...
Audi’s Formula 1 revolution is roaring into... Read More »
1h ago from F1i.com
Former Alpine F1 driver joins Haas in new role
Haas has signed its own reserve driver for the... Read More »
1h ago from RacingNews365.com
