New Jersey Formula One Event For 2014 Canceled

Formula One boss Bernie Ecclestone has revealed that the inaugural Grand Prix of America in New Jersey will not take place as planned next year, saying the organizers have not raised enough money to fund it.

Raced at 19 circuits around the world, F1 generates more than $4bn in revenues annually.

The final 2014 calendar will be approved by motorsport's governing body, the FIA, in December but new races need to have financing in place by now to ensure their plans are on track.

vdiv - 8/26/2013 12:02:39 PM

+1 Boost

You killed Kenny, you bastids!

MorePower - 8/26/2013 4:53:55 PM

+1 Boost

N.Y./N.J. is not the place to hold a Gran Prix. If you want to hold a street-based Formula 1 GP in the U.S., there are only a few places:

Los Angeles/Long Beach
Miami
Seattle
Las Vegas

TheDepressingTruth - 8/26/2013 8:43:04 PM

+2 Boost

The organizers were not able to raise enough money to fund it....after paying Bernie a boat-load up front.

This is just part of the way that Ecclestone extorts additional money... In Texas we learned this the HARD WAY...

vdiv - 8/27/2013 1:50:06 PM

+1 Boost

Turn around and make it an Indy circuit/event. Don't need Ecclestone!