F1 Fansite

F1 News

Ecclestone: Departed backers ended New York F1 race hopes

Posted on by
Bernie Ecclestone
Bernie Ecclestone
Bernie Ecclestone and Fernando Alonso

Bernie Ecclestone and Fernando Alonso

Plans for a New York street race were foiled by financial backers that pulled out, Bernie Ecclestone has revealed.

A second American grand prix, in New Jersey but amid the iconic Manhattan skyline, has appeared on draft calendars for some time but the F1 supremo now admits it is unlikely to happen.

"I honestly don't think so," Ecclestone said in Belgium last weekend.

"They still have the same problems they had in the beginning. Nothing has changed."

Now, speaking to the F1 business journalist Christian Sylt, the nature of those 'problems' has become clear -- and it's all about money.

"Two or three backers that (promoter) Leo (Hindery) had had confirmed to me that they had an agreement with him and they were going to put the money up," Ecclestone told Forbes.

"If Leo had got the money or I had put the money up that race would have been on."

Ecclestone admitted that he went beyond his usual efforts for New Jersey, as the teams "were dying to have a race in New York so we were trying to make it happen".

Sylt said Ecclestone gave Hindery lots of chances by continually reinstating the race on draft calendars, and he even offered funding.

"I had nothing to lose with Leo," Ecclestone insisted. "If somebody had come along and put the money up and he had done the job I would have been delighted.

"He (Hindery) was trying to keep things alive hoping that somebody was going to put money in. It suited us to give him chances. Everybody wanted a race in New York."

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter


Latest F1 News posts:

See older posts in our F1 News Archive »

Stay Updated by F1-Fansite!

Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com 2016 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix

Book F1 Tickets Italian F1 GP Italy '16 16% discount Book Now
Book F1 Tickets Belgium F1 GP Belgium '16 25% discount Book Now
Book F1 Tickets Germen F1 GP Germany '16 10% discount Book Now
Book F1 Tickets Australia F1 GP Australia '16 Available
Book Now
Book F1 Tickets Spainish F1 GP Spain '16 20% discount Book Now
Book F1 Tickets Monaco F1 GP Monaco '16 Available Book Now
Book F1 Tickets Canada F1 GP Canada '16 Available Book Now
Book F1 Tickets British F1 GP UK '16 Available Book Now


Who is your current favourite driver?

View Results

Loading ... Loading ...
F1 Polls