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Texas F1 to pay sanctioning fee
Source: Agencies |
November 26, 2011, Saturday
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ORGANIZERS for the proposed 2012 Formula One race in Texas said they have agreed to pay the sanctioning fee to secure a spot on next year's F1 calendar.
Circuit of the Americas spokesman Jeff Hahn said on Thursday a check for the sanctioning fee was ready but wouldn't be sent until organizers receive a signed contract from F1. Hahn wouldn't disclose the amount of the fee.
Last week, F1 boss Bernie Ecclestone said the US Grand Prix in Austin would be canceled by the end of this week without a signed contract and proof of financing.
Track construction was halted last week amid the dispute, casting doubt on the race's future.
Circuit of the Americas spokesman Jeff Hahn said on Thursday a check for the sanctioning fee was ready but wouldn't be sent until organizers receive a signed contract from F1. Hahn wouldn't disclose the amount of the fee.
Last week, F1 boss Bernie Ecclestone said the US Grand Prix in Austin would be canceled by the end of this week without a signed contract and proof of financing.
Track construction was halted last week amid the dispute, casting doubt on the race's future.
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