News Details
Commitment to pay $25m provides lifeline for USGP
XPB Images
A commitment from the State of Texas to pay $25million per year in funding for the United States Grand Prix could help save the race. Having first hosted a race in 2012, the round at the Circuit of the Americas (COTA) in Austin is currently marked as subject to agreement with the promoter as a result of financial concerns at the circuit. Originally, the State of Texas had been paying $25m towards the race hosting fee, but this year reduced that amount to $19.5m following a review of its impact on the local area. The contribution comes from a fund which was set up to attract major events to Texas, but the reduction had left the grand prix in doubt due to circuit...
Full Story »
Full Story »
You May Also Be Interested In...
Haryanto seeks $16 million from government for Manor...
Indonesian Rio Haryanto needs to raise $16 million to realise his dream...
9y ago from GrandPrix247.com
Fresh hope for Circuit of the Americas
Barely two weeks after the United States Grand Prix at the Circuit of the...
9y ago from Pitpass.com
Renault paid just £1 to buy Lotus F1 team
Renault paid just £1 to take over the Lotus Formula 1 team when the deal...
9y ago from Motorsport.com
F1 Driver of the Year 2015 - 2nd
2nd – Max Verstappen
Average poll score out of ten: 8.1
Team: Scuderia...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez tops mid-season Jerez MotoGP test
Ducati’s Marc Marquez responded to his crash at the MotoGP Spanish...
2h ago from MotorsportWeek.c...
Marc Marquez fastest at Jerez test on updated Ducati...
No description available...
3h ago from Motorsport.com
Alex Marquez: ‘without Marc Marquez I was the...
Alex Marquez admitted he knew ‘it was his day’ to win his first...
7h ago from MotorsportWeek.c...
Marc Marquez turned down the paycheck of a lifetime...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato reveals 94G impact in 233mph Indy 500...
No description available...
3d ago from Motorsport.com
Alex Palou tops busy final Indy 500 test day
The NTT IndyCar Series wrapped up a two day test session on Thursday,...
3d ago from MotorsportWeek.c...
Larson, Sato crash in high-boost Indy 500 test session
The second day of IndyCar’s Indy 500 open test opened with qualifying...
4d ago from MotorsportWeek.c...
Scott McLaughlin fastest as speeds top 232mph in Day 2...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
1h ago from MotorsportWeek.c...
Even Sebastien Ogier was powerless to prevent Kalle...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera ignites WRC season with Canary Islands...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Video: Arsenal's main striker target nets stunning...
Viktor Gyökeres sent a clear message to Arsenal with a stunning four-goal...
54m ago from FreshArsenal.com
Team News: Arsenal vs. Paris Saint-Germain injury,...
Sports Mole rounds up all of the latest injury and suspension news ahead...
1h ago from SportsMole.co.uk
Gabriel Martinelli responds to Arsenal contract...
Gabriel Martinelli responds to a question about his Arsenal contract...
1h ago from SportsMole.co.uk
“That will be the most important” - Luis Enrique...
PSG manager Luis Enrique has stated that his side must perform well in all...
1h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton signs new deal as Max Verstappen sponsor...
Check out the biggest stories of the day with the... Read More »
54m ago from RacingNews365.com
Aston Martin's new wind tunnel ‘opened our eyes,’ says...
Aston Martin’s quest to become a Formula 1... Read More »
6h ago from F1i.com
Contract clause could explain Hamilton struggle
Apr.28 An interesting contractual detail... Read More »
11h ago from OneStopStrategy.com
