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US GP investor revealed

Tavo Hellmund and his team reveal the primary investor for the US Grand Prix
A man once ranked in the Forbes list of the 400 richest Americans has been revealed as the primary investor behind the project to take F1 back to the United States.

Red McCombs, former owner of two NBA teams as well as the Minnesota Vikings American Football outfit, is to provide financial backing to the project, while his McCombs Partners company will work alongside race promoters Full Throttle Productions LP to help put the project together.

“Bringing Formula 1 back to the United States represents the opportunity of a lifetime and one that any city in the world would want,” McCombs said. “The size and scope of an F1 event is comparable to hosting a Super Bowl and will bring substantial economic benefit to Austin, San Antonio and the entire State of Texas.”

“It is a great honor to have Red McCombs and McCombs Partners as our primary investor and partner,” promoter Tavo Hellmund added. “Red's success in business and the professional sports arena is legendary. Working together as a team and under Red's direction, we will ensure that this project will make all Texans very proud and will benefit our great State.”

A media press conference that confirmed McCombs' involvement with the project also confirmed the location for the new Hermann Tilke-designed circuit that will created specifically for F1's return to American shores.

Land that was previously destined to become a residential development named Wandering Creek will instead become the home of the new venue and is located within a stones throw of Austin-Bergstrom International Airport.



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27.11.2016 - Race, Start of the race, Daniel Ricciardo (AUS) Red Bull Racing RB12 and Sebastian Vettel (GER) Scuderia Ferrari SF16-H and Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H
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27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12 leads Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12
27.11.2016 - Race, Start of the race, Fernando Alonso (ESP) McLaren Honda MP4-31 off trach and Max Verstappen (NED) Red Bull Racing RB12 spins
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12 and Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12 and Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Max Verstappen (NED) Red Bull Racing RB12
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12 leads Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Max Verstappen (NED) Red Bull Racing RB12
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12
27.11.2016 - Race, Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Max Verstappen (NED) Red Bull Racing RB12

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Piercarlogassolini - Unregistered

July 28, 2010 9:46 AM

My wife's boss knows this guy through business and says he doesn't do things half-cock, any announcement of involvement will only be after MASSIVE scrutiny of the business case, so likelihood is this WILL happen. Shame he can't use some of his money to buy out Tilke's contract to design the circuit.

Lisa Harcombe-Minson - Unregistered

July 28, 2010 2:33 PM

Having just moved to the US from the UK I'm extremely excited by this prospect. I have been a F1 fan for many years and have been to the British GP at Silverstone, so am hoping to add Austin to my list and Canada next year. I'm glad the investors and promoters seem to recognise the potential of the massive audience F1 brings. All in all it's very exciting and I can't wait.



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