Texas cuts F1 subsidy, threatens future of US Grand Prix
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.
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