Ecclestone Ready To Cancel Austin F1 Race

Formula One boss Bernie Ecclestone said he’s ready to cancel an F1 race planned for Austin next year and that he needs a guarantee or letter of credit that he will be paid from officials with Circuit of the Americas, according to the Press Association.

If a deal is not reached before the final World Motor Sport Council meeting on Dec. 7 in New Delhi, when the final 2012 schedule is officially ratified, Ecclestone said the race would be axed.

 

PUGPROUD - 11/17/2011 2:42:24 PM

+2 Boost

Not surprised...Bernie gets everyone excited around the world then they either back out once they realize what it will cost or go forward and loose their shirt. NJ will be next down this road.

sdcarguy - 11/17/2011 4:52:11 PM

+2 Boost

Look at the construction progress, the only way the race could be held is if it was on dirt.