News Details
Boost for COTA as letter guaranteeing funding discovered
The United States Grand Prix held at the Circuit of the Americas in Texas has received fresh hope that its future could be secured, following the discovery of a letter guaranteeing its state funding. Just two weeks after the 2015 event, the new government informed circuit bosses that it would cut its contribution from $25 million annually to just $19.5m, creating a massive funding shortfall. COTA Chairman, Bobby Epstein, admitted they were "screwed" and hinted that they might take legal action against the local government, believing they had a ten-year funding guarantee. Forbes revealed this week that a letter from former state comptroller Susan Combs has now emerged,...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
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
Commitment to pay $25m provides lifeline for USGP
XPB Images
A commitment from the State of Texas to pay...
9y ago from F1i.com
Ecclestone casts more doubt on 2016 USGP
XPB Images
Bernie Ecclestone has voiced his doubts over...
9y ago from F1i.com
Haas on track to roll out new F1 car for Barcelona test
Formula One debutants Haas are on schedule to roll out their new car at...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer regrets leaving door open for late...
No description available...
14h ago from Motorsport.com
Ducati struggles “out of my control” says cryptic...
No description available...
16h ago from Motorsport.com
Alex Rins was “angry” with Marc Marquez for...
No description available...
16h ago from Motorsport.com
Marco Bezzecchi explains incredible Indonesian GP...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
IMSA’s AO Racing considering expansion, possibly...
AO Racing, one of the more popular teams racing in IMSA currently, is...
13h ago from MotorsportWeek.c...
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
3d ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
1w ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
1w ago from MotorsportWeek.c...
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1w ago from Motorsport.com
Mandated rest periods at WRC rallies to face FIA vote
No description available...
1w ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Not looking very positive': Arteta issues worrying...
Arsenal midfielder Martin Odegaard picked up an injury during their win...
9h ago from CaughtOffside.com
“Correct the mistake in January”, “We need to...
Arsenal fans are not happy with striker Viktor Gyokeres following his poor...
8h ago from SportsKeeda.com
Martin Ødegaard injury takes shine off Arsenal’s...
No description available...
8h ago from TheGuardian.com
Report: Arsenal fan favourite 'on the radar' of elite...
Real Madrid will continue to keep tabs on the Arsenal defender, William...
10h ago from CaughtOffside.com
Comments
Hottest News
Vowles claims Williams will be 'urgently investigating how...
Following a double disqualification for Williams... Read More »
8h ago from F1Technical.net
Adjusted starting grid for 2025 F1 Singapore Grand Prix...
Check out the full starting grid for the 2025 F1... Read More »
6h ago from RacingNews365.com
F1 2025 Singapore Grand Prix – Qualifying Results
George Russell has beaten Max Verstappen to pole... Read More »
12h ago from MotorsportWeek.com
