Ecclestone unsure what future holds for U.S. GP in Austin

© Getty Images
2 Comments

Formula 1 CEO Bernie Ecclestone has cast further doubt on the future of the United States Grand Prix in Austin, Texas.

In November, it was revealed that Texas governor Greg Abbott had cut the state’s contribution to the race hosting fee from $25 million to around $19.5 million.

This cut led Circuit of The Americas chairman Bobby Epstein to say that the track was “screwed” financially as a result, casting doubt on the future of the race which is listed as being “subject to agreement” on the calendar for the 2016 season.

In an interview with Auto Motor und Sport, Ecclestone admitted that he was unsure what the future of the race held, but that the organizers knew the deal they were getting themselves into.

“Forecasts are difficult,” Ecclestone said. “They knew exactly what it would cost when they signed the contract with us.

“They knew that they would have to build a race track, and what it costs to put on a grand prix.

“If you cannot afford it you, you’ll get into trouble.”

The 2016 United States Grand Prix is provisionally scheduled to take place on October 23.