F1, Formula 1, NASCAR, IndyCar, MotoGP, ALMS, And More!
z


Aug 29, 2014 - 07:09 AM
Top News!
Rumors Edition!
Upcoming Racing! (Updated)



Top Stories
· Tony Stewart To Return To Racing At Atlanta (Aug 28, 2014)
· NASCAR Announces 2015 National Series Schedules (Aug 27, 2014)
· Darlington, Atlanta Moves, West Coast Swing Highlight 2015 NASCAR Sprint Cup Schedule (Aug 27, 2014)
· 2014 Sonoma: IndyCar Race Results - Dixon, Chevrolet Win! (Aug 24, 2014)
· 2014 Belgium GP (Spa): Formula One F1 Race Results - Ricciardo, Red Bull Win! (Aug 24, 2014)

Previous Top Stories!


Hot Rumors!
· F1: Van der Garde secures 2015 Sauber race seat ? (Aug 26, 2014)
· F1: Rumours tip Lotterer for Caterham race debut ? (Aug 19, 2014)
· F1: Toro Rosso next team set for 'nose news' ? (Aug 19, 2014)
· F1: Gutierrez in talks with 'other teams' for 2015 ? (Aug 18, 2014)
· F1: Verstappen To Get 2015 Toro Rosso seat ? (Aug 14, 2014)
More Rumors!


Departed backers ended New York race hopes - Ecclestone
Posted by: Admin on Aug 29, 2014 - 07:07 AM
Formula 1 News
Departed backers ended New York race hopes - Ecclestone


Plans for a New York street race were foiled by financial backers that pulled out, Bernie Ecclestone has revealed.

A second American grand prix, in New Jersey but amid the iconic Manhattan skyline, has appeared on draft calendars for some time but the F1 supremo now admits it is unlikely to happen.


 

Bookmark and Share

"I honestly don't think so," Ecclestone said in Belgium last weekend.

"They still have the same problems they had in the beginning. Nothing has changed."

Now, speaking to the F1 business journalist Christian Sylt, the nature of those 'problems' has become clear -- and it's all about money.

"Two or three backers that (promoter) Leo (Hindery) had had confirmed to me that they had an agreement with him and they were going to put the money up," Ecclestone told Forbes.

"If Leo had got the money or I had put the money up that race would have been on."

Ecclestone admitted that he went beyond his usual efforts for New Jersey, as the teams "were dying to have a race in New York so we were trying to make it happen".

Sylt said Ecclestone gave Hindery lots of chances by continually reinstating the race on draft calendars, and he even offered funding.

"I had nothing to lose with Leo," Ecclestone insisted. "If somebody had come along and put the money up and he had done the job I would have been delighted.

"He (Hindery) was trying to keep things alive hoping that somebody was going to put money in. It suited us to give him chances. Everybody wanted a race in New York."



PaddockTalk Perspective



Also in Formula 1 News:



 
Related links
· F1 Edition
· PaddockTalk Top News
· F1 Rumors
· More about Formula 1 News


Most read story in Formula 1 News:
Brawn will 'find a way' to work with successor Lowe





Home :: _ 


All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest (c) 2003-2014 by PaddockTalk.com.
Contact E-mail: admin@paddocktalk.com
Privacy