Formula One

USGP Officials Reach Deal With Ecclestone

AUSTIN, Texas — Circuit of The Americas announced it has reached an agreement with Formula One Management that ensures the Formula 1 United States Grand Prix remains on the FIA Formula 1 World Championship race calendar.

The move comes after weeks of speculation and back-and-forth banter between US Grand Prix officials and Formula One Management head Bernie Ecclestone.

Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of The Americas stated, “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. I want to thank and commend Bobby Epstein for getting us across the finish line. Bobby’s perseverance and leadership kept the project on track despite unfair and unfounded criticism.”

“Our investors have believed all along that this project has tremendous benefit for our region, and provides a strong economic engine for the future,” stated Epstein, founding partner of Circuit of The Americas. 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 F-1 to the people of Texas will become a reality.”

Engineering and construction teams working on the track will resume immediately, ensuring completion for the 2012 race date.

“We have a substantial number of fans who have expressed interest in buying tickets and hospitality, so today is a win for all of them as much as it is for Circuit of The Americas,” said Steve Sexton, president of Circuit of The Americas. “We encourage everyone to visit our website and register for information. Registered fans will receive the first communication regarding ticket sales plans. In a matter of weeks we will have more exciting news as we unveil our full calendar of world class events.”

 

Posted by on Dec 7 2011 Filed under Formula One, Latest Headlines. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Stay Connected!

Join our mailing list to receive the Daily News Update, Special Offers from NSSN or our trusted partners, or BOTH! You can opt-out anytime and we promise not to spam you!
Email:

Please Support NSSN’s Sponsors




Follow NSSN On Facebook!