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11-16-2011, 10:24 AM | #156 |
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Based on what I've read, here's what I think the situation is:
* Tavo Hellmund and his Full Throttle Productions (FTP), hold the contract with Bernie and F1 (FOM) to hold the race. * Tavo is a part of COTA, but doesn't have much money committed * Epstein and other investors have put the lion's share of money in so far, but have no contractual relationship with FOM. They want the race contract in order to guarantee their investment. * Tavo probably wants a lot in return for transferring the contract to COTA. His past relationship with Bernie is really his only leverage at this point. * COTA has suspended track construction in order to force the issue. * Susan McCombs, Texas Comptroller, is covering her political a** in issuing a statement that Texas funds will not be released prior to the event happening. * The deadline for this to get resolved is early December when FIA finalize the 2012 F1 schedule. To my mind, this gives Tavo and Epstein 2-3 weeks to iron out their differences, or else there is no USGP @ Austin in 2012. |
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11-16-2011, 10:47 AM | #157 |
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11-16-2011, 11:01 AM | #158 |
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I may be over simplifying this, but it seems that the builders want a signed contract to continue building. The FOM need the sanctioning fee to sign the contract. The special events fund won't pay the sanctioning fee until the race has shown an economic gain. So...there can't be a track without a contract, there can't be contract without the sanctioning fee, and there can't be a sanctioning fee without a race. To me this sounds like no track, no contract, and no race.
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11-16-2011, 11:25 AM | #159 | |
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Montreal is closer to here than Austin is anyway
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11-16-2011, 11:49 AM | #160 |
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Which is why Austin was a stupid choice in the first place. A secondary airport that nearly all international traffic would have to make a connecting flight to, poor infrastructure and public transit and a narrow window for acceptable weather. This had bad idea written all over it from the start. I suppose I'll be planning a trip to NY/NJ for 2013 and will try to hit Belgium or Germany next year.
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11-16-2011, 11:55 AM | #161 |
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Looks like it will be dropped any day now unless some miracle happens.
http://www.autosport.com/news/report.php/id/96270
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11-16-2011, 12:27 PM | #162 | |
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They do not want the issue to be carried over throughout 2012, and wondering if they will go to US or not. Just like Bahrain issue this year. Plus they can finalize the logistic strategy throughout the race season. Also the race is to be scheduled in November, you do not want the Championship going down the wire and finds out one race is cancelled and favor the champion leader.
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11-16-2011, 01:06 PM | #163 |
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Jersey made more sense from the start. No purpose-built track necessary, a metropolitan population of nearly 20 million people, 4 area airports (2 domestic, 2 international) with direct flights to every destination on the globe, a robust infrastructure, a city that the whole world has already heard of, and loads of other attractions in the area. It was a no-brainer and likely a huge factor in the halt of progress in TX.
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11-16-2011, 01:22 PM | #164 | |
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11-16-2011, 02:07 PM | #165 | |
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The NJ track looks nice compare to theoretical "street circuit" like Singapore and Valencia. But also a purpose build track will be nice given the layout published on the Austin GP. At the moment NJ ones are getting more support from fans and city officials, rather than like Austin, where city doesn't want to spend a dime and all the politics BS.
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11-16-2011, 02:18 PM | #166 | |
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Oh boy...
http://www.statesman.com/blogs/conte...eady_to_c.html Quote:
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11-16-2011, 03:13 PM | #167 |
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First USF1, and now this? And before the Indy organizers problem?
Its like Americans keep tripping over themselves, just can't get F1 right...
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11-16-2011, 04:36 PM | #168 | |
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This one, again, seems to have come down to the financing. Especially considering the (IMO exorbitant) 25m sanctioning fee, hosting an F1 race is prohibitively expensive for the amount of exposure a sponsor stands to receive. IMO, an ideal sponsor would be a truly multinational company, or one with great success in Europe (or other large F1 markets) looking to penetrate US markets as well. Considering the current global economic climate, this sort of expenditure is a hard bargain. Combine this with Ecclestone's notoriously "unconventional" (I'm being polite) business practices, the unavailability of public funds / subsidy (understandably), and the amount of races slated to be on future schedules (which FOTA has said they will not agree to) it's really an unfortunate reality that this race will probably not happen. As for travelling and international exposure, NJ is certainly an easier destination to get to. 3 major airports, the international diversity that NYC provides, etc... BUT - and this maybe somewhat anecdotal - I don't foresee location playing a huge role here, especially in the North American / Americas market. People who want to see the race will find a way to get there. At the USGP at Indy, I was literally surrounded by Brazilians ecstatic to see Barichello. The Tifosi was there in full force, from destinations all over, I've met people from Korea, Japan, all over Europe, Canada, South America, literally all over. It was the best crowd I've ever been a part of at a race. It's certainly not going to hurt NJ that it's easy to get to, but it didn't really hurt that Indy was impossible to get to. If you're ready to fly from Brazil to see a race in the US, you're not going to say "oh fuck it" because it's a little more inconvenient to get to. |
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11-16-2011, 05:04 PM | #169 | |
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I agree that people will come, but once NY/NJ begins, most folks would pick the race with better weather, earlier in the season, nicer accommodations, better transit to and from, etc. Once they announced NY, Austin was dead and it should have never been announced in the first place, typical Bernie BS. |
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11-16-2011, 05:17 PM | #170 | |
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IMO many factors lead to poor attendance at Indy. Sept 11 certainly did. The era F1 was at Indy was characterized by mostly aerodynamic grip, leading to limited on track action and "boring" races for a casual fan or a crossover fan used to more passing. The marketing was abysmal - living in the closest major market to Indianapolis (Chicago) there was literally NO marketing support, which considering the proximity and diversity in population, is unacceptable. The Michelin debacle was a nail in the coffin. I think NJ is promising, but as well all know, nothing, NOTHING can be counted on. If we are talking location, I personally think the best venue in the country would be a street race in Miami, which could end up being a "mini Monaco." True Latin/South American interest, a gorgeous locale to put on display, while being a "small" enough city to host a race in the city (as opposed to with the city as a backdrop). It would be a great lead up to the finale in Brazil, and would make a great excuse to visit a warmer climate in November...but now I'm just rambling my own dreams |
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11-16-2011, 05:29 PM | #171 | |
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Also Texas has three of the top ten most poplulated cities in the US. All within easy driving distance of the track location. |
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11-16-2011, 05:33 PM | #172 | |
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11-16-2011, 05:35 PM | #173 |
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11-16-2011, 06:05 PM | #174 | ||
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11-17-2011, 12:46 AM | #176 |
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