The Circuit of The Americas (COTA) has issued the following statement in response to the lawsuit filed by Kevin Schwantz, related to promotional rights Schwantz claims to possess for a MotoGP race in Texas.

"It makes no sense for Mr. Schwantz to pursue legal action in this matter. We were informed by Dorna, the organisation that holds the rights for the MotoGP racing series, that Mr. Schwantz has no contract to promote a MotoGP race in Texas," Circuit spokesperson Julie Loignon said.

"To be clear, Mr. Schwantz never had an agreement to conduct a MotoGP race at Circuit of The Americas, and to our knowledge, he has no agreement to conduct an event at any Texas racetrack.

"Perhaps, that is why he is reacting this way, out of embarrassment, and is making false claims to the court and media.

"We know race fans would love to see a MotoGP event at the Circuit, and it is good to know that the door is open to make that happen at our new world-class venue in Austin."

A ten-year MotoGP deal with COTA (starting in 2013) was announced in April last year, but needs renegotiating following the departure of original promoter Tavo Hellmund.

Those negotiations are said to be underway, albeit without Schwantz.

A provisional version of the 2013 MotoGP calendar, which could include a race at COTA, is expected to be released next weekend at Misano.

F1 has already concluded a new contract with the circuit and will hold its first grand prix this November.

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