Austin USGP Salvation We’ve Been Hoping For?

I happened to hear my phone announce a text during our Thanksgiving meal & I couldn’t resist.  I almost fell on the floor with the following press release from Circuit of The Americas (COTA):

Circuit of The Americas News Release banner

November 24, 2011

Circuit of The Americas™ Ready to Pay Sanctioning Fee
and Offering More Proposal Satisfies 2012 Request,
Accelerates Payments for Subsequent Years

AUSTIN, Texas – November 24, 2011 – Circuit of The Americas has responded to Formula One Management’s contract requirements by agreeing to an immediate cash payment of the sanctioning fee for the 2012 United States Grand Prix (USGP). In addition, Circuit of The Americas has offered to establish an advance payment schedule for USGP races beyond 2012.  The offer comes after several weeks of talks, and once accepted, will secure the USGP on the Formula 1 race calendar.

“We have been ready to send Mr. Ecclestone a sanctioning fee check for some time now,” said Bobby Epstein, founding partner of Circuit of The Americas. “He hasn’t received it yet because the new contract presented to us two weeks ago contained unrealistic and unfeasible demands. We have signed and returned a contract similar to what we anticipated receiving. This race should be a reality, but if we are going to make the 2012 race date, we must receive a countersignature in the coming few days. We believe the teams, fans, sponsors and local business share our enthusiasm and hope that their voices will be heard.”

So, this gives us F1 fans some serious hope.  But, I’m left with the question:  Are we to expect the Austin USGP to occur in 2012 or 2013?  This next week we may see…

The biggest surprise to Racing Ready is the timing of this announcement.  Is this meant for us to truly “give thanks”?  We hope this is not another tease…


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