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F1 boss bags second American Grand Prix

Bernie Ecclestone comes to the financial aid of event organisers to ensure second American Grand Prix will take place from 2014
Bernie Ecclestone has secured a second American Grand Prix for the 2014 Formula One calendar, after agreeing a 15-year deal for the sport to race in New Jersey.

The 82-year-old scrapped the initial deal last year after the event organisers were deemed to have broken the terms and conditions of the contract. Ecclestone though, has come to the financial rescue of the event and agreed to settle a number of their outstanding debts.

The race, which will now take place after the Canadian Grand Prix in 2014, will be located along the banks of the Hudson River in New Jersey, with the Manhattan skyline as its backdrop.

GPA executive chairman and race promoter Leo Hindery Jnr says the race has been long in the making and has praised Bernie Ecclestone for his continued support: “The Grand Prix of America at Port Imperial has been a dream of many in the sport for over a decade,” he said.

"We had hoped to be ready to race in June 2013, but by late last fall, it was clear we would not have in place in time the long-term capital structure needed.

"Thanks to the patient, invaluable support of Bernie Ecclestone and FOM (Formula One Management) we now have the long-term sanctioning agreement needed to go racing for years to come."

The race will be the second on the calendar that features in the United States, after the American Grand Prix in Texas debuted in November of the 2012 season.



Related Pictures

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09.06.2013-  Kimi Raikkonen (FIN) Lotus F1 Team E21 with Bernie Ecclestone (GBR), President and CEO of Formula One Management
09.06.2013- Race, Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Tamara Ecclestone, daughter of Bernie Ecclestone (GBR)  and Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Jean Todt (FRA), President FIA with his wife and Tamara Ecclestone, daughter of Bernie Ecclestone (GBR)
26.05.2013- Race, Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Tamara Ecclestone, daughter of Bernie Ecclestone (GBR) with his fiance Jay Rutland and Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Tamara Ecclestone, daughter of Bernie Ecclestone (GBR) with his fiance Jay Rutland and Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Tamara Ecclestone, daughter of Bernie Ecclestone (GBR) with his fiance Jay Rutland and Bernie Ecclestone (GBR), President and CEO of Formula One Management
26.05.2013- Race, Tamara Ecclestone, daughter of Bernie Ecclestone (GBR) with his Jay Rutland and Bernie Ecclestone (GBR), President and CEO of Formula One Management
11.05.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management  and Luca Cordero di Montezemolo (ITA), President Scuderia Ferrari
11.05.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management  and Luca Cordero di Montezemolo (ITA), President Scuderia Ferrari
11.05.2013- Bernie Ecclestone (GBR), President and CEO of Formula One Management

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