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New Jersey secures 15-year F1 contract
The on-off Grand Prix of America, to be held on the streets of New Jersey, has reportedly secured a 15-year contract to host Formula 1. The event, which was supposed to take place in a few weeks, was postponed by a year after running into both financial and planning issues. That led to their pre-race contract being torn up by Bernie Ecclestone and Formula One Management because they had failed to meet the necessary requirements, according to organiser Leo Hindery. "Bernie was 100 per cent correct in that we hadn't satisfied his demands and we didn't have a binding contract in place, and he had every right to question our ability to get it done," he told NJ.com. "We told...
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11y ago from TheF1Times.com
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