November 14, 2011
Hints of missing cattle from Texas Grand Prix as Ecclestone yells "Where's the beef?"
Two articles today shed light on Bernie's recent comments casting the 2012 US grand Prix in Austin in doubt and raising the possibility that the Circuit of the Americas might end up as a Texas sized hole in the ground.
Essentially it boils down to FOM not getting paid agreed to fees yet and an intramural fight between Tavo Hellmund, the original promoter and signer of the 10 year contract with Formula 1 and the land owner and principal financial investor. Part of the deal was $25 million per year for the event fee to be paid by Texas state funds, these taxpayer monies have not moved yet and more worryingly, paperwork has not been filed.
It all comes to a head in early December when Formula 1 has to finalize the 2012 calendar.
Read more in detail on Steven Cole Smith on Autoweek and Pitpass