COTA has confirmed that it has concluded a deal with Bernie Ecclestone and paid him for the 2012 US GP.
The race has remained on the calendar after today’s meeting of the World Motor Sport Council in Delhi.
In a statement investor Red McCombs said: “Mr Ecclestone received his check today for the USGP. We want to thank the fans supporting us, the local officials and businesses that have encouraged us, the state of Texas, Circuit of The Americas’ staff and Bernie himself.”
Bobby Epstein added: “Our investors have believed all along that this project has tremendous benefit for our region, and provides a strong economic engine for the future. We remain committed to reaching our goal of being valuable community partners as we establish a platform for sports and entertainment. We’re glad that Tavo’s vision of bringing F1 to the people of Texas will become a reality.”
The statement added: “Engineering and construction teams working on the track will resume immediately, ensuring completion for the 2012 race date.”