The United States of America will not be getting a second Formula One race next year. The troubled Grand Prix of America, which was slated to run on a street circuit on the shores of the Hudson river and in the shadow of the New York City skyline has been shelved, following the failure of the race's organizers to come up with the requisite $100 million in funds demanded by F1's tempestuous maestro, Bernie Ecclestone. The problematic Grand Prix was already pushed back once, from the 2013 season to 2014, and Ecclestone has also torn up at least one contract.

At the helm of the US race is Leo Hindrey, a multi-billionaire and a managing partner at InterMedia Partners, and Chris Pook, an ally of Ecclestone's and the former boss of the CART. The two placed Swiss financier and bank UBS in charge of putting together the $100 million. While UBS has only been on the case since June, according to the CNN report, that's apparently long enough for Ecclestone, who told the news channel, "It's not on the cards for next year. They haven't got any money."

Ecclestone followed up, saying the GPoA "is like Donington all over again," referring to the race at the UK's Donington Park. The UK track was meant to take the British Grand Prix from Silverstone in 2010, but was dropped before a single race could be ran, due to its failure to come up with the $210-million race fee. Despite the lack of funds, the organizers of US race remain confident that they'll still be on the finalized calendar to be released by the FIA at the end of the year.

Ecclestone's decision regarding this second US race is a telling one, though, as CNN points out. Running a race with the NYC skyline has been a dream of the F1 boss for year, and while that dream may be in tatters, there's still a spot on the F1 calendar that will need to be filled. It's unclear what will happen if the US race organizers can come up with the money before the end of the year. Click over to CNN for the detailed rundown of the Grand Prix of American and its rocky history.


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    • 1 Second Ago
  • 54 Comments
      Scr
      • 1 Year Ago
      Two words: WATKINS GLEN. The F1 drivers actually want to race there.
        Brian
        • 1 Year Ago
        @Scr
        Two words: ROAD AMERICA Yeah, I know it will never happen but just think how amazing it would be to see F1 cars going 190+ MPH through the Kink. RA would make Monza look like the Hungaroring...
          gtv4rudy
          • 1 Year Ago
          @Brian
          never.
          Benjamin Roethig
          • 1 Year Ago
          @Brian
          Road America and The Glen are too remote for F1's requirements which require you be fairly close to a major airport.
      Jake Laird
      • 1 Year Ago
      Somebody needs to throw a glass of water on Bernie already so he can just melt away and promptly make F1 infinitely better.
        This Guy ...
        • 1 Year Ago
        @Jake Laird
        Party at my place when this happens and everyone's invited !!!!!
      throwback
      • 1 Year Ago
      "..the requisite $100 million in funds demanded by F1's tempestuous maestro" Just chew on that figure for moment. Is it any wonder Bernie is as rich as he is?
      Justin B.
      • 1 Year Ago
      Is this troll ever going to retire? If an Ecclestone HAS to run the show at least let his daughters take over! And Bernie, when you retire take those new 2014 engines with you. F1 needs high RPM and no less than a V8.
        This Guy ...
        • 1 Year Ago
        @Justin B.
        Oh yes please by all means take those horrible new engines with you Ecclestone. And get a grown man's haircut... I don't know if you think you're hair makes you look younger or something but it doesn't. It just makes you look like an idiot...
        thequebecerinfrance
        • 1 Year Ago
        @Justin B.
        V8s are going the way of the dodo. And outisde america people don't care about V8s. Better have engines that will trickle down the technology to road cars. Even if it's a long shot. Maybe they'll find a way to have instant response, free revving turbo engine. We could have our cake and eat it too.
          gtv4rudy
          • 1 Year Ago
          @thequebecerinfrance
          Don't worry. V12s, V10s and V8s will eventually make their way back to F1. Look back to 1982 and F1 had 1.5 litre turbo engines pumping out over 1200 HP. The engines will always change but the speeds will always stay the same.
          chirowolf
          • 1 Year Ago
          @thequebecerinfrance
          Ever been to Australia? They have a whole series devoted to just V8s All tech can "trickle down" the number of cylinders does not effect that. Silly Canadian
      Ben Lee
      • 1 Year Ago
      its weird that one guy has power like Bernie does. something always seemed weird and disturbing to me
      gtv4rudy
      • 1 Year Ago
      Wouldn't it be cheaper to invest that $100m into sprucing up Watkins Glen where it can be used again and again for that 2nd USGP?
        KaiserWilhelm
        • 1 Year Ago
        @gtv4rudy
        Upstate New York probably isn't "glamorous" enough for F1, but a flat desert in Bahrain works for them...
      Drakkon
      • 1 Year Ago
      How much bribe to make it happen, Bernie?
      Bhavin Lad
      • 1 Year Ago
      Man i really haven't been this upset in a while! :( I could cry... no really i could. ""focus on Austin"""
      • 1 Year Ago
      [blocked]
      onewayroll
      • 1 Year Ago
      I think Road America would be a sweet venue.
      John
      • 1 Year Ago
      *whimpers* ...its...its...ok. we've got nascar :( darn, my head just hung low for a second
      bchreng
      • 1 Year Ago
      How about the streets of Long Beach? The Indy Cars race there every year.
        sloturbo
        • 1 Year Ago
        @bchreng
        It could work, not sure why F1 left Long Beach Grand Prix in 1983, but I also don't think LB has $100 to sink into lining Bernie's pockets. Now, if Honda (back in 2015) and or Toyota were still in F1, then maybe they would be interested.
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