The future of the United States Grand Prix in Austin in doubt again, as Texas is reducing the state's subsidy for the race, Motorsport.com reports. Texas doled out $25 million to race organizers from 2012 to 2014, but this year it will only award $19.5 million. The drop comes in the wake of a state audit that found the race generates less revenue than originally anticipated.

The $5.5-million discrepancy could force the event's cancellation, as a large portion of the costs come from the licensing fee that organizers pay to Bernie Ecclestone's Formula One management group. "If it's changed, it's going to be difficult to continue the race in Austin," he told the Austin American-Statesman.

The USGP has been run four times in Austin. Lewis Hamilton won the most recent race in October. F1 races have also been held in the United States in Indianapolis, Watkins Glen, Detroit, and other venues.

Related Video:

Infiniti Red Bull F1 Racecar | 2015 NYIAS | Autoblog Short Cuts

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X