More drama in Austin as Hellmund sues COTA partners

Tavo Hellmund, the man who kickstarted the US GP in Austin, is suing his partners in the project.

Hellmund was marginalised last year when he failed the meet his obligations with Bernie Ecclestone and the contract for the race was cancelled. A new one had to be negotiated by his fellow partners, in other words the actual investors in the project, led by businessman Bobby Epstein.

The suit suggests that the original contract could not be fulfilled because the other partners withheld the required funding.

Hellmund has not been involved on a day-to-day basis for some time.

However, his suit indicates that he still owns just over 20% of the project – and claims that he was due a $500,000 salary over 10 years.

More on the story from my Autoweek colleagues: 120309942

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