2014 F1 Grand Prix of America Is Off, says Ecclestone
According to F1 boss Bernie Ecclestone, the Grand Prix of America organizers have failed to raise enough money to fund the event thus they have lost the right to be part of the Formula 1 circuit, which, for the record, generates more than $4 billion in revenues annually.
“It’s not on the cards for next year,” Bernie Ecclestone told CNN, adding that the problem is the organizers “haven’t got any money.” Meanwhile, Grand Prix of America spokesman Alex Howe says the race could go ahead and that they “will have a statement following the announcement of the official 2014 FIA Formula One World Championship schedule.”
The Grand Prix of America race was planned to take place on a 3.2-mile street circuit through the New Jersey towns of West New York and Weehawken, alongside the Hudson river.
Story via CNN