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COTA given extra time to pay race fee
– Formula 1 supremo Bernie Ecclestone has confirmed that he is giving the Circuit of the Americas extra time to pay the hosting fee for this year's race, amid a reduction in state financial support.The hosting fee, which comes in at just over $30 million, is due to be paid three months ahead of the race, but COTA organisers are still yet to present the funds almost a month after the event."We said they can pay late this year," Ecclestone is quoted by the Austin American-Statesman. "They get money from the state, and the money from the state is late, so that's why they are late."Ecclestone's reprieve comes after the Texas state government confirmed that it is to...
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8y ago from GPUpdate.net
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