Vital F1 | USA race back on after deal struck with Ecclestone
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

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

USA race back on after deal struck with Ecclestone

Formula One looks set to return to the USA next season after the Circuit of the Americas struck a deal with F1 supremo Bernie Ecclestone.

The race had been under real threat of being cancelled after construction of the proposed $250 million purpose built track was suspended in November following a contract dispute between the race organisers.

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 November 15 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 later clarified the situation, explaining that a previous agreement with United States Grand Prix chief Tavo Hellmund [Full Throttle Productions] was cancelled as they had been in breech of contract, which left the track developers, the Circuit of The Americas without a contract, hence the suspension of construction.

There then appeared to be doubt over whether the track would pay the required sanctioning fee [15.8million] to Formula One ahead of the event, which was why a new contract had not been offered.

The Circuit of the Americas were told they had until the World Motor Sport Council meeting in New Delhi on December 7th to resolve the dispute and that appears to have happened.

'Mr. Ecclestone received his check today. We want to thank the fans supporting us, the local officials and businesses that have encouraged us, the State of Texas, Circuit of The Americas' staff and Bernie himself,' Red McCombs founding partner of Circuit of The Americas told Autosport Magazine.

Bobby Epstein, founding partner of Circuit of The Americas added: 'Our investors have believed all along that this project has tremendous benefit for our region, and provides a strong economic engine for the future,'

'We remain committed to reaching our goal of being valuable community partners as we establish a platform for sports and entertainment. We're glad that Tavo's vision of bringing F1 to the people of Texas will become a reality.'


Following the announcement that Austin would remain on the 2012 Formula One calendar, construction at the track resumed and officials remain confident that the circuit will be completed in time for November 18.








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:Friday December 9 2011

Time: 1:00PM

 

Have Your Say

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

Recent Vital F1 Articles

Who will win in Monaco? (Monday May 22 2017)

Blog: Spanish GP Report (Monday May 15 2017)

2017 Spain GP - Race (Sunday May 14 2017)

Blog: Barcelona Qualifying (Saturday May 13 2017)

2017 Spain GP - Qualifying (Saturday May 13 2017)

2017 Spain GP - FP3 (Saturday May 13 2017)

2017 Spain GP - FP2 (Friday May 12 2017)

2017 Spain GP - FP1 (Friday May 12 2017)

Blog: Barcelona Preview (Thursday May 11 2017)

Who will win in Spain? (Monday May 8 2017)

Track upgrades for Montreal (Wednesday May 3 2017)

Blog: Russian GP Report (Monday May 1 2017)

2017 Russia GP - Race (Sunday April 30 2017)

Blog: Sochi Qualifying (Saturday April 29 2017)

2017 Russia GP - Qualifying (Saturday April 29 2017)

2017 Russia GP - FP3 (Saturday April 29 2017)

2017 Russia GP - FP2 (Friday April 28 2017)

2017 Russia GP - FP1 (Friday April 28 2017)

Blog: Sochi Preview (Wednesday April 26 2017)

Who will win in Russia? (Monday April 24 2017)

Grid penalty for Sainz in Russia (Thursday April 20 2017)

Mercedes to implement team orders? (Wednesday April 19 2017)

Blog: Bahrain GP Report (Monday April 17 2017)

2017 Bahrain GP - Race (Sunday April 16 2017)

Blog: Sakhir Qualifying (Saturday April 15 2017)

2017 Bahrain GP - Qualifying (Saturday April 15 2017)

2017 Bahrain GP - FP3 (Saturday April 15 2017)

2017 Bahrain GP - FP2 (Friday April 14 2017)

2017 Bahrain GP - FP1 (Friday April 14 2017)

Blog: Sakhir Preview (Wednesday April 12 2017)

Who will win in Bahrain? (Tuesday April 11 2017)

Hamilton loving battle with Vettel (Tuesday April 11 2017)

Blog: Chinese GP Report (Monday April 10 2017)

2017 China GP - Race (Sunday April 9 2017)

Blog: Shanghai Qualifying (Saturday April 8 2017)

2017 China GP - Qualifying (Saturday April 8 2017)

2017 China GP - FP3 (Saturday April 8 2017)

2017 China GP - FP2 (Friday April 7 2017)

2017 China GP - FP1 (Friday April 7 2017)

Blog: Shanghai Preview (Wednesday April 5 2017)

Honda to supply Sauber? (Wednesday April 5 2017)

Who will win in China? (Monday April 3 2017)

Mixed feelings for Red Bull (Friday March 31 2017)

Blog: Australian GP Report (Monday March 27 2017)

2017 Australia GP - Race (Sunday March 26 2017)

2017 Australia GP - Qualifying (Saturday March 25 2017)

2017 Australia GP - FP3 (Saturday March 25 2017)

2017 Australia GP - FP2 (Saturday March 25 2017)

2017 Australia GP - FP1 (Saturday March 25 2017)

More calls to ban the shark fins (Friday March 24 2017)

Renault call for engine budget cap (Thursday March 23 2017)

Blog: Melbourne Preview (Thursday March 23 2017)

Renault can improve - Hopefully (Friday March 17 2017)

McLaren looking shaky (Wednesday March 15 2017)

Surtees dies aged 83 (Tuesday March 14 2017)

Ferrari end second test on top (Monday March 13 2017)

F1 ratings in UK collapse (Friday March 10 2017)

Brawn pushing for cash race for teams (Wednesday March 8 2017)

Ferrari on top in the wet (Friday March 3 2017)

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. DJ 1138
2. Red5 1113
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 600
6. Druss_the_Legend 584
7. Push The Button 497
8. col8 334
9. The Intimidator 204
10. VanGisbergen2013 154

Current Site Poll (view all polls)

Who will win in Monaco?
Hamilton 43%
Vettel 29%
Bottas 0%
Raikkonen 17%
Verstappen 11%
Ricciardo 0%
Someone else 0%