user icon

Austin late with fee payment for this year's race

  • Published on 18 Nov 2015 09:54
  • comments 0
  • By: Rob Veenstra

Bernie Ecclestone hopes Austin can get the future of its US grand prix back on track. It emerged recently that the popular race at the Circuit of the Americas is endangered because the Texas government has wound back state funding.

Writing for the local American Statesman newspaper, F1 business journalist Christian Sylt revealed that organisers have not even paid the estimated $33 million fee for the 2015 race. "We said they can pay late this year," F1 supremo Ecclestone confirmed. "They get money from the state, and the money from the state is late, so that's why they are late."

Circuit chief Bobby Epstein has dramatically declared that the funding dispute means the US grand prix is "screwed", and has not ruled out legal action. He is still pessimistic. "It's ok paying after the race, but if they don't give you enough to pay the sanction fee, you still can't do it," Epstein said.

Ecclestone, however, is more confident about the future, even though he has admitted to already looking into an alternative US race venue in California. "The person (in Texas) who dealt with this in the first place is no longer there. The governor is no longer there. So they have got new people, but they should pay what was agreed. I think we will get the funding back on track again," Ecclestone added. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar