user icon
icon
link-icon
<< Return to the news list
Funding problems ended New York race hopes - Ecclestone

Funding problems ended New York race hopes - Ecclestone

  • Published on 29 Aug 2014 09:48
  • comments 0
  • By: Rob Veenstra
Plans for a New York street race were foiled by financial backers that pulled out, Bernie Ecclestone has revealed. A second American grand prix, in New Jersey but amid the iconic Manhattan skyline, has appeared on draft calendars for some time but the F1 supremo now admits it is unlikely to happen. "I honestly don't think so," Ecclestone said in Belgium last weekend. "They still have the same problems they had in the beginning. Nothing has changed."

Now, speaking to the F1 business journalist Christian Sylt, the nature of those 'problems' has become clear -- and it's all about money. "Two or three backers that (promoter) Leo (Hindery) had had confirmed to me that they had an agreement with him and they were going to put the money up," Ecclestone told Forbes. "If Leo had got the money or I had put the money up that race would have been on."

Ecclestone admitted that he went beyond his usual efforts for New Jersey, as the teams "were dying to have a race in New York so we were trying to make it happen". Sylt said Ecclestone gave Hindery lots of chances by continually reinstating the race on draft calendars, and he even offered funding.

"I had nothing to lose with Leo," Ecclestone insisted. "If somebody had come along and put the money up and he had done the job I would have been delighted. He (Hindery) was trying to keep things alive hoping that somebody was going to put money in. It suited us to give him chances. Everybody wanted a race in New York." (GMM)
F1 News

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Pos
Team
Points
1
Red Bull Racing
195
2
Ferrari
151
3
McLaren
96
4
Mercedes
52
5
Aston Martin
40
6
Visa Cash App RB
7
7
Haas F1
5
Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
Bahrain International Circuit
7 - Mar 9
Saudi Arabia
Jeddah Street Circuit
22 - Mar 24
Australia
Albert Park
5 - Apr 7
Japan
Circuit Suzuka
19 - Apr 21
China
Shanghai International Circuit
3 - May 5
United States of America
Miami International Autodrome
17 - May 19
Italy
Autodromo Enzo e Dino Ferrari
24 - May 26
Monaco
Monte Carlo
7 - Jun 9
Canada
Gilles Villeneuve
21 - Jun 23
Spain
Circuit de Catalunya
28 - Jun 30
Austria
Red Bull Ring
5 - Jul 7
United Kingdom
Silverstone
19 - Jul 21
Hungary
Hungaroring
26 - Jul 28
Belgium
Spa-Francorchamps
23 - Aug 25
Netherlands
Circuit Zandvoort
30 - Sep 1
Italy
Monza
13 - Sep 15
Azerbaijan
Baku City Circuit
20 - Sep 22
Singapore
Marina Bay Street Circuit
18 - Oct 20
United States of America
Circuit of the Americas
25 - Oct 27
Mexico
Autodromo Hermanos Rodriguez
1 - Nov 3
Brazil
Interlagos
22 - Nov 24
United States of America
Las Vegas Street Circuit
29 - Dec 1
Qatar
Losail International Circuit
6 - Dec 8
United Arab Emirates
Yas Marina Circuit
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
29 - Mar 2
Bahrain Bahrain International Circuit
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
Japan Circuit Suzuka
19 - Apr 21
China Shanghai International Circuit
3 - May 5
United States of America Miami International Autodrome
17 - May 19
Italy Autodromo Enzo e Dino Ferrari
24 - May 26
Monaco Monte Carlo
7 - Jun 9
Canada Gilles Villeneuve
21 - Jun 23
Spain Circuit de Catalunya
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
Belgium Spa-Francorchamps
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
Singapore Marina Bay Street Circuit
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
Mexico Autodromo Hermanos Rodriguez
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
Qatar Losail International Circuit
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar