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11-24-2011, 03:49 PM
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US GP in Austin Texas Promises to Pay F1 Fee
Do They Have the Money?
"It's all very simple -- they don't have the money," Ecclestone told The Associated Press on Thursday. "We don't have a contract. If they want to come back to us, if it's not signed before the end of next week, I suppose it won't be on the calendar next year." Response from Organizers Circuit of the Americas spokesman Jeff Hahn said 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. Deal Not Yet Done Organisers of a planned U.S. Grand Prix in Austin, Texas, have told Formula One supremo Bernie Ecclestone that they will pay a sanctioning fee for next year's race if he revises an "unrealistic and unfeasible" contract. The 81-year-old Briton responded Thursday by casting further doubt on the event going ahead. Ecclestone has already made clear that he has lost patience and last week gave the city's Circuit of the Americas a deadline of this weekend's Brazilian Grand Prix to pay the required fees and sign a contract. 
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