Formula one.
- Thread starter newman
- Start date
ResidentEvil
Registered
WHAT ???? in NJ No Way ???? lol 
It looks like it's back on in Austin...Press release
From the link:
Circuit of The Americasâ„¢ Ready to Pay Sanctioning Fee and Offering More
FOR IMMEDIATE RELEASE
November 24, 2011
Circuit of The Americasâ„¢ Ready to Pay Sanctioning Fee and Offering More
Proposal Satisfies 2012 Request, Accelerates Payments for Subsequent Years
AUSTIN, Texas – November 24, 2011 – Circuit of The Americas has responded to Formula One Management’s contract requirements by agreeing to an immediate cash payment of the sanctioning fee for the 2012 United States Grand Prix (USGP). In addition, Circuit of The Americas has offered to establish an advance payment schedule for USGP races beyond 2012.
The offer comes after several weeks of talks, and once accepted, will secure the USGP on the Formula 1 race calendar.
“We have been ready to send Mr. Ecclestone a sanctioning fee check for some time now,†said Bobby Epstein, founding partner of Circuit of The Americas. “He hasn’t received it yet because the new contract presented to us two weeks ago contained unrealistic and unfeasible demands. We have signed and returned a contract similar to what we anticipated receiving. This race
should be a reality, but if we are going to make the 2012 race date, we must receive a countersignature in the coming few days. We believe the teams, fans, sponsors and local business share our enthusiasm and hope that their voices will be heard.â€
From the link:
Circuit of The Americasâ„¢ Ready to Pay Sanctioning Fee and Offering More
FOR IMMEDIATE RELEASE
November 24, 2011
Circuit of The Americasâ„¢ Ready to Pay Sanctioning Fee and Offering More
Proposal Satisfies 2012 Request, Accelerates Payments for Subsequent Years
AUSTIN, Texas – November 24, 2011 – Circuit of The Americas has responded to Formula One Management’s contract requirements by agreeing to an immediate cash payment of the sanctioning fee for the 2012 United States Grand Prix (USGP). In addition, Circuit of The Americas has offered to establish an advance payment schedule for USGP races beyond 2012.
The offer comes after several weeks of talks, and once accepted, will secure the USGP on the Formula 1 race calendar.
“We have been ready to send Mr. Ecclestone a sanctioning fee check for some time now,†said Bobby Epstein, founding partner of Circuit of The Americas. “He hasn’t received it yet because the new contract presented to us two weeks ago contained unrealistic and unfeasible demands. We have signed and returned a contract similar to what we anticipated receiving. This race
should be a reality, but if we are going to make the 2012 race date, we must receive a countersignature in the coming few days. We believe the teams, fans, sponsors and local business share our enthusiasm and hope that their voices will be heard.â€
A little more info from the Circuit of the America's website Link
Taken from the press release:
FOR IMMEDIATE RELEASE
December 7, 2011
Formula 1â„¢ and Circuit of The Americasâ„¢ Ready to
Roll
10-Year Race Contract Brings F1â„¢ Back to the U.S. in 2012; Construction to Resume
Immediately
AUSTIN, Texas – December 7, 2011 – Circuit of The Americas announced today they have reached
an agreement with Formula One Management that ensures the Formula 1 United States Grand Prix
remains on the FIA Formula 1 World Championship race calendar.
Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of The
Americas stated, “Mr. Ecclestone received his check today. We want to thank the fans supporting us,
the local officials and businesses that have encouraged us, the State of Texas, Circuit of The
Americas’ staff and Bernie himself. I want to thank and commend Bobby Epstein for getting us
across the finish line. Bobby’s perseverance and leadership kept the project on track despite unfair
and unfounded criticism.â€
“Our investors have believed all along that this project has tremendous benefit for our region, and
provides a strong economic engine for the future,†stated Epstein, founding partner of Circuit of
The Americas. “We remain committed to reaching our goal of being valuable community partners
as we establish a platform for sports and entertainment. We’re glad that Tavo’s vision of bringing
F1 to the people of Texas will become a reality.â€
Engineering and construction teams working on the track will resume immediately, ensuring
completion for the 2012 race date.
Taken from the press release:
FOR IMMEDIATE RELEASE
December 7, 2011
Formula 1â„¢ and Circuit of The Americasâ„¢ Ready to
Roll
10-Year Race Contract Brings F1â„¢ Back to the U.S. in 2012; Construction to Resume
Immediately
AUSTIN, Texas – December 7, 2011 – Circuit of The Americas announced today they have reached
an agreement with Formula One Management that ensures the Formula 1 United States Grand Prix
remains on the FIA Formula 1 World Championship race calendar.
Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of The
Americas stated, “Mr. Ecclestone received his check today. We want to thank the fans supporting us,
the local officials and businesses that have encouraged us, the State of Texas, Circuit of The
Americas’ staff and Bernie himself. I want to thank and commend Bobby Epstein for getting us
across the finish line. Bobby’s perseverance and leadership kept the project on track despite unfair
and unfounded criticism.â€
“Our investors have believed all along that this project has tremendous benefit for our region, and
provides a strong economic engine for the future,†stated Epstein, founding partner of Circuit of
The Americas. “We remain committed to reaching our goal of being valuable community partners
as we establish a platform for sports and entertainment. We’re glad that Tavo’s vision of bringing
F1 to the people of Texas will become a reality.â€
Engineering and construction teams working on the track will resume immediately, ensuring
completion for the 2012 race date.
lil charlie
Registered
Suprize suprize, another sport with a lockout due to cash. Glad it got fixed
Similar threads
