Grand Prix of America secures long term future

Grand Prix of America secures long term future


The second US Grand Prix, labelled the ‘Grand Prix of America’, has secured a long-term future in Formula One after agreeing to a 15-year contract with FOM and Bernie Ecclestone.0175CB7D6667

The race – which will take place on a 3.2 mile street circuit located in New Jersey and alongside the Hudson River – had been scheduled to debut in June 2013 just after last weekends round in Canada. However Bernie Ecclestone had to cancel the deal due to the fact that organisers had not “complied with the terms and conditions of the contract”.

Organisers also ran into financial difficulty but Ecclestone came to the rescue, helping them to pay off debts that would enable them to stage the race.

Now with a June 2014 spot on the calendar, organisers and Formula One Management have signed a 15-year contract that gives the race a long-term presence in the future of the sport.

GPA executive chairman and promoter of the race, Leo Hindery Jnr, told Press Association Sport: “The Grand Prix of America at Port Imperial has been a dream of many in the sport for over a decade.”

He also explained the problems faced by organisers during preparation for the delayed race:”We had hoped to be ready to race in June 2013, but by late last fall (autumn) it was clear we would not have in place in time the long-term capital structure needed to satisfy Formula One of our readiness.”

Now the race will go ahead in front of an impressive Manhattan skyline, thanks to “the patient, invaluable support of Bernie Ecclestone and FOM (Formula One Management) we now have the long-term sanctioning agreement needed to go racing for years to come, starting in June 2014.”

The 2014 calendar looks to be the longest in the sports history with the addition of the Grand Prix of America alongside Russia’s Formula One debut.

Image courtesy of Octane Photographic