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
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
18h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
21h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
1d ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
2d ago from MotorsportWeek.c...
"It's fun," says Mick Schumacher after his...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
17h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Granit Xhaka makes feelings clear about missing clash...
Former Arsenal midfielder Granit Xhaka shared his thoughts after being...
54m ago from SportsKeeda.com
Sunderland at home a chance to go 9 clear
Morning all. Arsenal are in 3pm Premier League action today, taking on...
44m ago from Arseblog.com
Update: Arsenal will try again for midfielder this...
Arsenal are reportedly likely to try again for the transfer of Bayern...
1h ago from CaughtOffside.com
Sandro Tonali's agent says 'transfer discussions will...
The agent of Newcastle United midfielder Sandro Tonali has seemingly...
2h ago from CaughtOffside.com
Comments
Hottest News
Thermal warfare: F1 rivals unite to melt Mercedes’ engine...
Behind closed doors and in hurried conference... Read More »
44m ago from F1i.com
Red Bull take surprising stand against controversial...
On Thursday, the FIA and engine suppliers met to... Read More »
1h ago from RacingNews365.com
Toto Wolff labels unseen F1 testing incident as major 2026...
The extra energy drivers have at their disposal... Read More »
2h ago from RacingNews365.com
