Austin (Finally) Pays For the USGP

So Texas billionaire businessman Red McCombs, a founding partner of Circuit of the Americas, paid Bernie Ecclestone his US$25M licensing fee — saying “Mr. Ecclestone received his check today.” And the U.S. Grand Prix at Austin is now set for November 2012. Who would’a thunk it? Read More …

Oh Behave, Austin!

The possible demise of the U.S. Grand Prix at Austin reflects the reality of Formula One in the 21st century. Have money and the F1 circus will fall all over you. Wherever you are. But without the bucks, don’t even think about asking Ecclestone for a favor. Read More …

Who Wudda Thunk It?

The city council of Austin, Texas has agreed — after race promoters consented to cover the city’s $4 million per year financial exposure — to endorse the U.S. Grand Prix scheduled for renewal in June 2012. The 5 to 2 vote in favor of the event came after weeks of lobbying by representatives of the Circuit of The Americas to craft an environmental agreement. Read More …

Texas Lawmakers Say State Cannot Afford F1

The group behind bringing Formula One racing back to America next year — which has audaciously named its very much under-construction track the “Circuit of the Americas” — is facing fresh criticism from skeptics who say the cash-strapped state of Texas cannot afford the ambitious scheme. Read More …

Second USGP or Backup?

Just more than a month after it was announced that there will be a United States Grand Prix in Austin, Texas in 2012, Formula 1 boss Bernie Ecclestone has hinted that a second race may take place in the country and that his favorite circuit designer Hermann Tilke is currently in New Jersey investigating the possibility. Read More …