The Boston Dangler
Lifer
- Mar 10, 2005
- 14,647
- 2
- 0
http://www.f1fanatic.co.uk/2011/11/15/circuit-americas-halts-construction-contract-dispute/
http://www.autoweek.com/article/20111114/FREE/311149999
http://www.autoweek.com/article/20111114/FREE/311149999
By all accounts the meeting did not go well. Sources in Europe and the United States suggest that Epstein was offered a new contract but he has not signed it, presumably because he doesn't like the terms. Ecclestone hasn't been paid, and the state of Texas hasn't disbursed the $25 million from the trust fund. The rules say it can't until after Nov. 18, less than one year before the scheduled event. Even so, online inquires suggest that all of the applications, paperwork and meetings required to apply for the money have not been completed.
On Saturday, at the Grand Prix of Abu Dhabi, two weeks after Ecclestone made his internal-conflict statements in India, he had even harsher words about the Austin situation, telling the media that, “I wouldn't want to put my money down that it will happen.”
According to Reuters, this is how Ecclestone explained it: “What's happened is you've got a guy that owns the land and started building, and there's the guy that owns the company and has got a contract with us. And they forgot to talk to each other. The truth of the matter is maybe the people that have put the money down are perhaps a bit pissed off that he's getting some publicity and they are not and are saying, ‘We've got our money on the line, you haven't got any money on the line.' They are trying to get it together. I've said, ‘You guys have got to fall in love. Get married.'”