Ecclestone had said that providing the money upfront, as well as assurances that the required funding would be available for the race over the next 10 years, was necessary for the deal between F1 and the Circuit of the Americas to go ahead.
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With the construction well underway in Austin, TX for a purpose built F1 track, you could be forgiven for thinking the US-F1 deal is settled for the next few years at least, but you’d be wrong. According to reports from The Wall Street Journal, New Jersey could come in the picture and host a second...
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There’s a reason they call Formula 1 “The Circus.” Not only are race days a dramatic spectacle that draw thousands of fans from thousands of miles away, but also they can pretty much demand anything they want from cities for the right to host races. These “sanctioning fees” are anywhere from $25 million to $50...
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