Looks like The Austin Grand Prix is currently being run in San Antonio...at the Alamo.
The Galactic Emperor Formula One boss Bernie Ecclestone threatened to cancel the debut race from the 2012 calendar if organizers and developers can not reach a agreement by next week.
Construction was halted at the Circuit of the Americas track earlier in the week due to the absence of a contract. Tavo Hellmund of Full Throttle Productions put it bluntly, "The reason we don't have a contract with Formula One is because as a project, we have failed many times over to fulfill our financial obligations to Formula One. It's literally that simple".
Simple? So you can just fix it, right? "We were in breach on multiple issues as late as May. And he (Eccelstone) sent numerous requests and letters that we were all aware of how to fix it and we failed to do that." Apparently, the Circuit builders and Hellmund's company could not get their numbers aligned, and deals to buy the construction group out - or have Full Throttle be bought out, have not been reached.
Some point to the crowded, record 20-race calendar next year as eroding patience for the unsecured track, and the much easier to launch street-racing circuit in New Jersey for 2013, but in a multi-billion dollar international sport, it's about money, and you've got to play to play.
With the debacle of a six-car race at Indianapolis in 2005 and the failed launch of the USF1 team for 2010, Formula One and the U.S. still have a way to go before it's a cozy relationship.
Construction was halted at the Circuit of the Americas track earlier in the week due to the absence of a contract. Tavo Hellmund of Full Throttle Productions put it bluntly, "The reason we don't have a contract with Formula One is because as a project, we have failed many times over to fulfill our financial obligations to Formula One. It's literally that simple".
Simple? So you can just fix it, right? "We were in breach on multiple issues as late as May. And he (Eccelstone) sent numerous requests and letters that we were all aware of how to fix it and we failed to do that." Apparently, the Circuit builders and Hellmund's company could not get their numbers aligned, and deals to buy the construction group out - or have Full Throttle be bought out, have not been reached.
Some point to the crowded, record 20-race calendar next year as eroding patience for the unsecured track, and the much easier to launch street-racing circuit in New Jersey for 2013, but in a multi-billion dollar international sport, it's about money, and you've got to play to play.
With the debacle of a six-car race at Indianapolis in 2005 and the failed launch of the USF1 team for 2010, Formula One and the U.S. still have a way to go before it's a cozy relationship.
No comments:
Post a Comment