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

McLaren drivers getting frustrated? (Friday August 28 2015)

Ferrari do not want fight with Pirelli (Thursday August 27 2015)

Hamilton delight at qualifying form (Wednesday August 26 2015)

Blog: Belgian GP Report (Monday August 24 2015)

2015 - Belgian GP- Race (Sunday August 23 2015)

2015 - Belgian GP - Qualifying (Sunday August 23 2015)

2015 - Belgian GP - FP3 (Sunday August 23 2015)

2015 - Belgian GP - FP2 (Friday August 21 2015)

2015 - Belgian GP - FP1 (Friday August 21 2015)

Raikkonen retains seat at Ferrari (Thursday August 20 2015)

Blog: Spa Preview (Wednesday August 19 2015)

Who will win the Belgium Grand Prix? (Tuesday August 18 2015)

Stevens pleased with Manor season (Friday August 14 2015)

Toro Rosso takeover talks over (Thursday August 13 2015)

Toro Rosso should push on (Monday August 10 2015)

Money means nothing to Ricciardo (Friday August 7 2015)

Honda to spend tokens (Thursday August 6 2015)

Force India investigate failures (Wednesday August 5 2015)

McLaren oppose testing plans (Tuesday August 4 2015)

Double podium for Red Bull Racing (Thursday July 30 2015)

Vettel dedicates victory to Bianchi (Wednesday July 29 2015)

Blog: Hungarian GP Report (Monday July 27 2015)

2015 Hungary GP - Race (Sunday July 26 2015)

Blog: Hungaroring Qualifying (Saturday July 25 2015)

2015 Hungary GP - Qualifying (Saturday July 25 2015)

2015 Hungary GP - FP3 (Saturday July 25 2015)

2015 - Hungary GP - FP2 (Friday July 24 2015)

2015 - Hungary GP - FP1 (Friday July 24 2015)

Drivers mourn at Bianchi's funeral (Wednesday July 22 2015)

Blog: Hungaroring Preview (Tuesday July 21 2015)

Who will win in Hungary? (Tuesday July 21 2015)

Chilton dedicates win to Bianchi (Monday July 20 2015)

Jules Bianchi dies aged 25 (Saturday July 18 2015)

McLaren trying to unlock potential (Thursday July 16 2015)

Red Bull lack patience (Wednesday July 15 2015)

Button's future up in the air (Friday July 10 2015)

Hamilton wants more control (Thursday July 9 2015)

Mercedes to power Red Bull Racing? (Wednesday July 8 2015)

Blog: British GP Report (Tuesday July 7 2015)

Records fall for Hamilton (Monday July 6 2015)

2015 - British GP - Race result (Sunday July 5 2015)

Blog: Silverstone Qualifying (Sunday July 5 2015)

2015 - British GP - Qualifying (Saturday July 4 2015)

2015 - British GP - FP3 (Saturday July 4 2015)

2015 - British GP - FP2 (Friday July 3 2015)

2015 - British GP - FP1 (Friday July 3 2015)

Hamilton calls for better trophies (Thursday July 2 2015)

Blog: Silverstone Preview (Wednesday July 1 2015)

Pirelli to request more F1 tests (Tuesday June 30 2015)

New contract for Horner (Monday June 29 2015)

F1 teams are all talk says Todt (Monday June 29 2015)

Formula 1 v Formula E (Monday June 29 2015)

Positive test for McLaren (Friday June 26 2015)

Mosley praise for Ecclestone (Thursday June 25 2015)

Red Bull to sack Horner? (Wednesday June 24 2015)

Angry Mateschitz (Tuesday June 23 2015)

Blog: Austrian GP Report (Sunday June 21 2015)

2015 Austrian GP - Race (Sunday June 21 2015)

Blog: Red Bull Ring Qualifying (Saturday June 20 2015)

Four drivers hit with penalties (Saturday June 20 2015)

2015 Austrian GP - Qualifying (Saturday June 20 2015)

2015 Austrian GP - FP3 (Saturday June 20 2015)

2015 Austrian GP - FP2 (Friday June 19 2015)

2015 Austrian GP - FP1 (Friday June 19 2015)

Italian Grand Prix to alternate? (Thursday June 18 2015)

Will Michelin return to Formula One? (Thursday June 18 2015)

Blog: Red Bull Ring Preview (Wednesday June 17 2015)

Who will win in Austria? (Tuesday June 16 2015)

Hulkenberg wins Le Mans (Monday June 15 2015)

Head knighted (Monday June 15 2015)

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 1057
2. DJ 970
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 583
6. Druss_the_Legend 541
7. Push The Button 461
8. col8 334
9. The Intimidator 167
10. __villa__ 145

Current Site Poll (view all polls)

Who will win in Belgium?
Hamilton 45%
Rosberg 8%
Vettel 2%
Raikkonen 35%
Bottas 2%
Massa 0%
Someone else 8%