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Austin Grand Prix New Proposal

Austin Grand Prix 2012 New Proposal

Austin Grand Prix New Proposal

The Austin Grand Prix Chiefs Are Ready To Pay Sanctioning Fee

With the future of the Austin Grand Prix very much uncertain still and with Bernie Ecclestone previously suggesting the event could be dropped.

At the FIA World Motor Sport Council Meeting, America has decided to up their game and come up with a last minute deal to prevent it from happening. The race organisers are now fully prepared to immediately pay the sanctioning fee for the 2012 race and also the payment schedule for all the future events too. However, Bobby Epstein the track chief has stressed that the circuit won't be willing to accept all the terms of a race contract and has submitted a revised proposal to Ecclestone.

We have been ready to send Mr Ecclestone a sanctioning fee for some time now, but he hasn't received it yet because the new contract presented to us two weeks ago contained unrealistic and unfeasible demands. We have signed and returned a contract similar to what we anticipated receiving.

It seems that it's not everything is as straightforward as it seems with Ecclestone saying "They have been messing around now for four months, there's two partners arguing and two different groups arguing with each other and in the end none of them have got the money".

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