News Details
'We're screwed' says COTA chairman as funding is cut
The United States Grand Prix, held at the Circuit of the Americas in Austin, could be under threat after the State of Texas announced it will be cutting its funding for the event. The race was built upon a deal with the local government that provided around $25 million in annual funding through an events subsidy, with the amount based on its economic impact on the region. However it's now believed the state will reduce that amount by around 20 per cent to $19m, hitting the circuit with a roughly $6m funding shortfall with which it must now cover itself. "To use a technical term, I think we're screwed," COTA chairman Bobby Epstein said. "It's hit us cold. No one...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Austin's F1 race is in jeopardy, no USGP again?
F1 News Austin's F1 race is in jeopardy, no USGP again? Formula1blog.com...
9y ago from Formula1Blog.com
Mexico Circuit President Willing to Work with COTA
The President of the Autodromo Hermanos Rodriguez believes that...
9y ago from F1Hub.net
2015 Brazilian Grand Prix: Recent History Should...
Much of the intrigue of the 2015 FIA Formula 1 World Championship...
9y ago from TheCheckeredFlag....
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...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi’s work ethic reminds Aprilia boss of...
No description available...
1h ago from Motorsport.com
Ducati announces injured Marc Marquez’s stand-in for...
No description available...
1h ago from Motorsport.com
Johann Zarco held “open discussions” with Honda...
No description available...
20h ago from Motorsport.com
Fabio Quartararo: Yamaha hasn’t made any “big...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Lochie Hughes secures IndyCar reserve role with...
Andretti Global has announced a continued partnership with Lochie Hughes...
2d ago from MotorsportWeek.c...
IMSA’s AO Racing considering expansion, possibly...
AO Racing, one of the more popular teams racing in IMSA currently, is...
5d ago from MotorsportWeek.c...
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
1w ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak reverts to older-spec Hyundai for WRC’s...
No description available...
34m ago from Motorsport.com
Kalle Rovanpera to leave WRC for Super Formula in 2026
No description available...
1d ago from Motorsport.com
Kalle Rovanpera quits rallying
Toyota Gazoo Racing World Rally Team driver Kalle Rovanperä has...
1d ago from MotorsportWeek.c...
‘Aiming for the highest level possible’ - Why...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal ready to let player they signed for...
Arsenal are open to listen to offers for striker Gabriel Jesus in the...
1h ago from SportsKeeda.com
Interlull round-up: Saka scores a cracka
Morning. Happy Friday everyone. This is gonna be a very quick blog before...
6h ago from Arseblog.com
'The deal was done…': Man United almost beat...
Manchester United were close to winning the race for Viktor Gyokeres in...
16h ago from CaughtOffside.com
Episode 848 – Oh dear, we're quite good
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
23h ago from Arseblog.com
Comments
Hottest News
Aston Martin announce new era after snatching key Ferrari...
Aston Martin F1 team have announced 'a new era',... Read More »
1h ago from GPFans.com
Lewis Hamilton blasted for 'cheating' by former FIA steward
F1 champion Lewis Hamilton has been criticised by... Read More »
34m ago from GPFans.com
Piastri ‘inner circle' met with McLaren –...
Oct.10 Relations inside the McLaren camp appear... Read More »
4h ago from OneStopStrategy.com
