F1 »

Ecclestone issues Texas warning

Bernie Ecclestone issues a warning to promoters of the US Grand Prix that there will be penalties if new circuit in Texas isn't ready in time
Barely a month after handing a ten-year contract to Full Throttle Productions to act as promoter of a United States Grand Prix in Austin, Texas, Bernie Ecclestone has warned that there will be financial penalties if the race doesn't go ahead as planned in 2012.

The contract signed with the company headed by Tavo Hellmund will see a new venue purpose built to take F1 back to the USA although there remain plenty of question marks over where the circuit will be created and – more importantly – where the funding will come from to pay for it all.

It currently remains a mystery as to where the money is coming from which has led to people worrying whether or not Austin could go the same why as Donington Park – which failed in its bid to host the British GP when the money wasn't there.

Speaking about the event, Ecclestone admitted that there would be financial penalties if the bid to host the race failed but said he was confident that he wouldn't need to use them.

"That's what the contract says," he was quoted by ESPN. "It might turn out to be expensive for Tavo. We've got some penalty clauses, although I wouldn't want to use them."

"Until he doesn't [succeed], we won't know. You might say I couldn't run the 100 metres in seven seconds, but until I try, you don't know."



Related Pictures

Click on relevant pic to enlarge
Friday Practice 2, Bernie Ecclestone (GBR), President and CEO of Formula One Management  and Hiroshi Yasukawa (JPN), Bridgestone
Friday, Bernie Ecclestone (GBR), President and CEO of Formula One Management
Saturday, Bernie Ecclestone (GBR), President and CEO of Formula One Management  and his girlfriend Fabiana Flosi (BRA) Brazilian Grand Prix Vice-President of Marketing
29.09.2016 - Sebastian Vettel (GER) Scuderia Ferrari SF16-H
29.09.2016 - Daniel Ricciardo (AUS) Red Bull Racing RB12
29.09.2016 - Daniil Kvyat (RUS) Scuderia Toro Rosso STR11
29.09.2016 - Daniil Kvyat (RUS) Scuderia Toro Rosso STR11
29.09.2016 - Max Verstappen (NED) Red Bull Racing RB12
29.09.2016 - Eric Boullier (FRA) McLaren Racing Director
29.09.2016 - Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Jean Alesi (FRA)
29.09.2016 - Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid
29.09.2016 - Press conference, (L-R) Esteban Ocon (FRA) Manor Racing MRT05, Nico Hulkenberg (GER) Sahara Force India F1 VJM09, Daniil Kvyat (RUS) Scuderia Toro Rosso STR11, Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid, Jenson Button (GBR)  McLaren Honda MP4-31 and Felipe Massa (BRA) Williams FW38
29.09.2016 - Press conference, Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Jenson Button (GBR)  McLaren Honda MP4-31
29.09.2016 - Kevin Magnussen (DEN) Renault Sport F1 Team RS16
29.09.2016 - Kevin Magnussen (DEN) Renault Sport F1 Team RS16
29.09.2016 - Pascal Wehrlein (GER) Manor Racing MRT05
29.09.2016 - Felipe Massa (BRA) Williams FW38
29.09.2016 - Felipe Massa (BRA) Williams FW38 and Felipe Nasr (BRA) Sauber C34

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


Al

July 01, 2010 8:07 PM

  •   Reply
  •   6 agree
  •   0 disagree


© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.