Quote:
Originally Posted by GoldenBoot
If COTA cannot make it's $10 million annual payment to F1, the USGP race (in Austin) dies...no matter what a "contract" might say. Bernie Eccelstone will not hesitate to move it to another U.S. city.
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The annual fee is actually more like $30M+ now. It started at $25M and has a 10% annual escalator. And yes, if the USGP fails before the 10 year contract ends, it will be entirely because of the sanctioning fee. The METF covers a large part of it, so if anything happened to that it would certainly be the end.
I was at the race today, and it was a pretty large crowd considering everything. Bigger than I thought it would be. Long lines at the ticket sales booths coming in, food vendors running out of food, bridges hard to pass with throngs of people on them, etc. While I don't believe it was nearly the attendance number they released (101K), it did seem like it was more people than they were expecting. In reality, it was probably like 70K and they expected more like 50-60K.
COTA really dodged a bullet this year, with the fiasco of Saturday and the poor parking lot/shuttle problems all weekend. It seemed like it was heading to be another disaster like the 2005 USGP. But what saved them was an incredibly action packed race, easily the best of the past few years and possibly one of the best ever. Look at any of the F1 news or fan sites now, and you'll see that F1 fans absolutely loved it. COTA got very lucky with that.