Austin Grand Prix chiefs propose new 2012 deal to Bernie Ecclestone

Austin Grand Prix chiefs say they are ready to pay the sanctioning fee for next year's Formula 1 race in the United States - but will only sign a contract on their own terms

Austin Grand Prix chiefs propose new 2012 deal to Bernie Ecclestone

Amid growing uncertainty about the future of the event, with Bernie Ecclestone suggesting the event will be dropped at next month's meeting of the FIA World Motor Sport Council, the Circuit of the Americas has declared itself prepared to sort out a last minute deal to prevent that happening.

In a statement that was issued on Thursday, Austin race organisers revealed that they were willing to pay the sanctioning fee for next year's race immediately, as well as sort out a payment schedule for future events.

However, track chief Bobby Epstein has said that the circuit is not willing to accept all the terms of a race contract that it was offered recently by Ecclestone - so has instead proposed a revised version.

"We have been ready to send Mr. Ecclestone a sanctioning fee cheque for some time now," explained Epstein. "He hasn't received it yet because the new contract presented to us two weeks ago contained unrealistic and unfeasible demands. We have signed and returned a contract similar to what we anticipated receiving.

"This race should be a reality, but if we are going to make the 2012 race date, we must receive a countersignature in the coming few days. We believe the teams, fans, sponsors and local businesses share our enthusiasm and hope that their voices will be heard."

Ecclestone said at the Abu Dhabi Grand Prix that the Austin race was looking doubtful because of a dispute between the track owners and original race promoter Tavo Hellmund.

"We are trying," he said. "It is a bit of an uphill struggle but we will try and get there. There are two parties. One has got a track and is building it, and the other has got the contract. And they forgot to talk to each other."

shares
comments
Mark Webber determined to close gap to Sebastian Vettel in 2012
Previous article

Mark Webber determined to close gap to Sebastian Vettel in 2012

Next article

Robert Kubica's management stance baffles Renault chief Eric Boullier

Robert Kubica's management stance baffles Renault chief Eric Boullier
The difference between Mercedes’ stumble and the fall of F1 giants Plus

The difference between Mercedes’ stumble and the fall of F1 giants

OPINION: Mercedes endured its worst season of the hybrid Formula 1 era, but was mercifully spared its first winless campaign in over a decade late on. It has owned up to the mistakes it made which led to its troubled W13. And while its task to return to title-challenging contention is not small, its 2022 season seems more like a blip than the beginning of a downward spiral.

Formula 1
Nov 29, 2022
The physical focus bringing out the best of an F1 midfield star Plus

The physical focus bringing out the best of an F1 midfield star

Esteban Ocon likes to point out he’s the first driver since Lewis Hamilton to emerge from a spell as Fernando Alonso’s team-mate with a superior overall points record. While some may disagree, as LUKE SMITH discovered, the 2021 Hungarian GP winner reckons it’s not just luck which has made him France’s pre-eminent Formula 1 driver of the moment…

Formula 1
Nov 28, 2022
How Red Bull's dynamic leader shaped its F1 philosophy Plus

How Red Bull's dynamic leader shaped its F1 philosophy

The death of Dietrich Mateschitz last month has not only deprived Red Bull of its visionary founder, it has shorn Formula 1 of one of its most influential benefactors. Mateschitz himself was famously media-shy, preferring to let the brand do the talking on his behalf. And, while it’s now normal to speak of Red Bull F1 titles and champions made, Mateschitz never assumed it would be easy or even possible – as ANTHONY ROWLINSON discovered during this previously unpublished interview from 2006…

Formula 1
Nov 27, 2022
Can Mercedes break Formula 1's cycle of doom? Plus

Can Mercedes break Formula 1's cycle of doom?

OPINION: Teams that have dominated for long periods throughout Formula 1's history often take years to get back to the top of the tree once they've slipped down. But it remains to be seen whether the same will happen to Mercedes after a challenging 2022 season

Formula 1
Nov 24, 2022
What hurt Perez most in his ill-fated fight for second in Abu Dhabi Plus

What hurt Perez most in his ill-fated fight for second in Abu Dhabi

Arguably the favourite in the battle to finish second best in 2022's Formula 1 standings, Sergio Perez's two-stop strategy at Abu Dhabi couldn't take him ahead of Charles Leclerc when the music stopped - and several key factors ultimately precluded him from the much-coveted runner-up spot

Formula 1
Nov 23, 2022
The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success Plus

The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success

OPINION: Charles Leclerc achieved his target of sealing runner-up in the 2022 world championship with a masterful drive behind Max Verstappen in Abu Dhabi. And that race contained key elements that may help him, and Ferrari, go one better in Formula 1 2023

Formula 1
Nov 22, 2022
How Verstappen's record-breaking 2022 season compares to the F1 greats Plus

How Verstappen's record-breaking 2022 season compares to the F1 greats

The 2022 Formula 1 season will be remembered as a record book rewriting Max Verstappen masterclass, a completely different challenge to his maiden world championship last year, and a clear sign he is still raising his own level. But where does it stack up against the all-time great F1 campaigns?

Formula 1
Nov 22, 2022
Abu Dhabi Grand Prix Driver Ratings Plus

Abu Dhabi Grand Prix Driver Ratings

The 2022 Formula 1 season came to a close at the Yas Marina Circuit, where the battle for second in the standings was decided, the wins in a season record extended and a retiring four-time world champion bowed out on a high. Here's how we rated the drivers

Formula 1
Nov 21, 2022