Vital F1 | Bernie set to drop the axe on US Grand Prix
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Bernie set to drop the axe on US Grand Prix

Formula 1 supremo Bernie Ecclestone is set to end the saga behind the Circuit of The Americas and drop it from next seasons calendar.

Ecclestone hinted that the Grand Prix was in doubt while in Abu Dhabi earlier this month and this week, construction of the proposed $250 million purpose built track was suspended following a contract dispute between the race organisers.

'We've done everything we bloody well can to make this race happen,' Ecclestone told the Press Association.

When asked if the event was at risk of being dropped from the 2012 calendar, Bernie replied: 'Yes, it will be for sure, 100 per cent.'

The circuit was reportedly set to be ready to host their first United States Grand Prix towards the end of the 2012 Formula One season and previous reports had suggested that they would continue to host the event until 2021.

Funding was reportedly in place and the construction work was supposedly on schedule.

Over 300 people had been working on the site to prepare the circuit, but they were told on Tuesday to down tools indefinitely, while a contractual dispute between Formula One officials and the track promoters was resolved.

It had initially been reported that the Texas promoters had yet to receive an official contract from Formula One Management however Bernie Ecclestone has clarified the situation.

'we've cancelled Tavo's [Hellmund - Full Throttle Productions] contract as he was in breach.

'We've waited six months for him to remedy the breach. He knows full well why we've cancelled. He's happy. But these other people haven't got a contract.
Bernie said.

Full Throttle Productions were the company behind the initial agreement that was struck between Formula One Administration in May 2010.

However now that the original deal with United States Grand Prix chief Tavo Hellmund was cancelled by Ecclestone, that has left the track developers, the Circuit of The Americas without a contract, hence the suspension of construction.

Ecclestone says the reason why they have yet to receive a contract is because he is yet to receive a guarantee of payment from Circuit of The Americas [COTA] to pay the fee for hosting the event, reportedly $25million [£15.8million].

All we've asked them to do is get us a letter of credit.

'We are looking for security for money they are going to have to pay us. That is via a letter of credit, normally from a bank. If people don't have the money they find it difficult to get the letter of credit, and so we don't issue a contract.'
Ecclestone concluded.

Representatives of the Circuit of the Americas have apparently declined to comment, while the Texas state government issued a statement saying that the money that had been put aside to pay the sanctioning fee to Formula One would not be paid until after the first race.

It is thought the announcement of the New Jersey race in 2013 has made the event less appealing for the state, as the economic benefits for hosting the race will decrease with two races in the USA.

It is believed COTA will have until the World Motor Sport Council meeting in New Delhi on December 7th to resolve the dispute.

If that matter hasn't been resolved by this date, it is likely the event will be cancelled and Formula One will have to wait until 2013 before it heads back to the USA for the newly announced event in New Jersey.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Thursday November 17 2011

Time: 11:00AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Blog: Spa Qualifying (Saturday August 27 2016)

2016 Belgian Grand Prix - Qualifying (Saturday August 27 2016)

2016 Belgian Grand Prix - FP3 (Saturday August 27 2016)

2016 Belgian Grand Prix - FP2 (Friday August 26 2016)

2016 Belgian Grand Prix - FP1 (Friday August 26 2016)

Will Renault take up Magnussen option? (Thursday August 25 2016)

Hamilton set for huge grid penalty (Thursday August 25 2016)

Blog: Spa Preview (Wednesday August 24 2016)

Who will win at Spa? (Monday August 22 2016)

Formula One is a team sport (Friday August 19 2016)

Haas close to confirming new line-up (Wednesday August 17 2016)

All eyes on Ocon (Tuesday August 16 2016)

Toro Rosso expect team-mate rivalry (Friday August 12 2016)

Just let them drive! Says Wolff (Tuesday August 9 2016)

Rosberg will bounce back (Monday August 8 2016)

F1 penalties too inconsistent (Monday August 8 2016)

Ferrari form is painful (Friday August 5 2016)

Alonso unhappy (Friday August 5 2016)

Kvyat a broken man (Thursday August 4 2016)

Pirelli test new wide tyres (Wednesday August 3 2016)

Verstappen earning trust at Red Bull (Wednesday August 3 2016)

Blog: German GP Report (Tuesday August 2 2016)

New leader after Germany drama (Monday August 1 2016)

2016 German Grand Prix - Race (Sunday July 31 2016)

Blog: Hockenheim Qualifying (Saturday July 30 2016)

2016 German Grand Prix - Qualifying (Saturday July 30 2016)

2016 German Grand Prix - FP3 (Saturday July 30 2016)

2016 German Grand Prix - FP2 (Friday July 29 2016)

2016 German Grand Prix - FP1 (Friday July 29 2016)

Championship will be lost by DNFs (Thursday July 28 2016)

Blog: Hockenheim Preview (Tuesday July 26 2016)

Who will win in Germany? (Monday July 25 2016)

Blog: Hungarian GP Report (Sunday July 24 2016)

2016 Hungarian Grand Prix - Race (Sunday July 24 2016)

Blog: Hungaroring Qualifying (Saturday July 23 2016)

2016 Hungarian Grand Prix - FP3 (Saturday July 23 2016)

2016 Hungarian Grand Prix - FP2 (Friday July 22 2016)

2016 Hungarian Grand Prix - FP1 (Friday July 22 2016)

FIA clarify radio communications (Friday July 22 2016)

Peter Sauber retires as team is sold (Thursday July 21 2016)

Blog: Hungaroring Preview (Tuesday July 19 2016)

Who will win in Hungary? (Monday July 18 2016)

Hamilton Mania (Wednesday July 13 2016)

Ferrari keeping an eye on Hamilton (Tuesday July 12 2016)

Blog: British GP Report (Monday July 11 2016)

Hamilton Mania (Monday July 11 2016)

2016 British GP - Race (Sunday July 10 2016)

Blog: Silverstone Qualifying (Saturday July 9 2016)

2016 British Grand Prix - FP3 (Saturday July 9 2016)

2016 British Grand Prix - FP2 (Friday July 8 2016)

2016 British Grand Prix - FP1 (Friday July 8 2016)

Blog: Silverstone Preview (Thursday July 7 2016)

Reckless Rosberg (Monday July 4 2016)

Who will win in Britain? (Monday July 4 2016)

Blog: Austrian GP Report (Sunday July 3 2016)

2016 Austrian GP - Race (Sunday July 3 2016)

Blog: Red Bull Ring Qualifying (Saturday July 2 2016)

2016 Austrian GP - Qualifying (Saturday July 2 2016)

2016 Austrian GP - FP3 (Saturday July 2 2016)

2016 Austrian GP - FP2 (Friday July 1 2016)

2016 Austrian GP - FP1 (Friday July 1 2016)

Blog: Red Bull Ring Preview (Thursday June 30 2016)

Who will win in Austria? (Monday June 27 2016)

F1 musical chairs begins (Thursday June 23 2016)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1097
2. DJ 1065
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 585
6. Druss_the_Legend 565
7. Push The Button 483
8. col8 334
9. The Intimidator 190
10. __villa__ 145

Current Site Poll (view all polls)

Who will win at Spa?
Hamilton 35%
Rosberg 10%
Ricciardo 20%
Verstappen 35%
Vettel 0%
Raikkonen 0%
Someone else 0%