News Details
Bernie cuts COTA some slack
Bernie Ecclestone has confirmed that the Circuit of the Americas (COTA) is yet to pay its 2015 hosting fees, but the Formula 1 supremo is relaxed about the delay. Despite being a major hit with fans and drivers, the United States Grand Prix is facing an uncertain future after COTA officials confirmed that the State of Texas has announced a 20 percent reduction in funding. After receiving $25m per year for the first three editions, state funding dropped to $19 million for this year's race, leaving the circuit with a $6m shortfall on top of the reduction in ticket sales due to bad weather. Ecclestone, though, is not too worried that he hasn’t been paid yet, well not yet anyway. 'We...
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9y ago from PlanetF1.com
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