Kevin Schwantz has issued another statement in response to the press releases put out by both the Circuit of the Americas and Dorna, concerning his legal proceedings over the case. In the press release, Schwantz lays the blame for the situation at the feet of the Circuit of the Americas, and claims they attempted to obtain the contract to organize the MotoGP race in Texas by forcing him out of the deal with Dorna. The full statement issued by Kevin Schwantz is after the jump.
After news emerged at the end of last week that Kevin Schwantz is suing the Circuit of the Americas (COTA), the track in Austin, Texas where the third US GP is to be held in 2013, attention turned to the details of just who held the contract to organize the event. In their lawsuit, Schwantz’ company 3FourTexasMGP alleged that the COTA had attempted to defraud him out of the rights to organize the race, something which the circuit denied in a press statement, with COTA claiming that Schwantz had never held a contract to organize the event.
In a statement issued by Dorna, the Spanish rights holders to the MotoGP series clarified the current legal situation between the various parties. The statement shows that both Schwantz and COTA are right: Dorna states that it signed a contract with both COTA and Schwantz’ company 3FourTexasMGP for the event, with Schwantz being granted the rights to organize the race, subject to being able to show he had come to an agreement with the circuit.
However, when asked by Dorna to provide the proof that he held a contract with COTA which would allow him to organize the MotoGP race there, Schwantz was unable to, and the contract was then passed to the Circuit of the Americas. COTA currently holds the rights to organize the event.
The chances of a MotoGP round taking place in Austin, Texas seem further away than ever. Yesterday, Kevin Schwantz filed suit against the Circuit of the Americas (COTA), claiming an attempt to fraudulently deprive the 1993 500cc World Champion of the rights to organize the MotoGP race that would be held at the circuit outside of Austin, Texas.
In the lawsuit, Schwantz accuses COTA of going behind his back to arrange a deal directly with Dorna to organize the Austin round of MotoGP, while Schwantz’ company, 3fourTexasMGP, has a ten-year contract to organize the race. In a statement issued tonight by the circuit press office, COTA denies that Schwantz holds any rights to organize the event.
News of a possible MotoGP round in Austin, Texas sent GP fans in the United Stats into a flurry, but the proposed third US round has been anything but a sure thing since its announcement, and continues to be so even after the signing of a 10-year contract. Trouble first started brewing as the Circuit of the America’s had trouble finalizing its deal with Formula 1, a deal that was the linchpin to the circuit’s financing. With the issues with F1 resolved, and the premier car racing series set to take the green flag at Austin later this year, MotoGP seemingly is having the same problem of coming to Austin.
Reported by the local Austin news site the Statesman, the issue is both complex and relatively simple. As with Formula 1, the rights to host MotoGP at the Austin track reside with Full Throttle, a promotion company owned in part by Tavo Hellmund, who in turn was a partner of the Circuit of the Americas (COTA) project. When last year Formula 1′s contract with Hellmund was found to be in breach, F1 Boss Bernie Eccelstone terminated his contract with Hellmund, which then sent the F1 deal at Austin into a tailspin, and caused COTA to deal directly with Formula 1 in securing the racing series.
With Hellmund also being the bond that tied MotoGP to Austin, the same issue has arisen with COTA and Dorna, the media rights holder to the MotoGP Championship. According to court documents, Hellmund alleges that COTA had an opportunity to buy the rights to host MotoGP for $18 million from Full Throttle/Hellmund when it bought the similar rights to Formula 1. Clearly unable to close that deal at the time, unless the Circuit of the Americas can secure those rights in the coming months, the Austin GP scheduled for 2013 will likely not be held.
Construction of the Circuit of the Americas outside of Austin, TX has resumed, after the track finally secured its contract with Formula One for a 2012 round. Work at the Circuit of the Americas had been suspended indefinitely after a contract between F1 and CotA was not signed by its appropriate deadline. However with Formula One Boss Bernie Ecclestone now getting his
blood money, construction can once again resume in Texas.
Announcing that Formula One would race on a street course in New Jersey, along the shore of the Hudson, Eccelstone sent an all-too-clear message to the Texan venue that it was not the only option for F1 in the USA. While entirely an issue of posturing within Formula One’s circles, the spill-over affect of the Circuit of the Americas shutting down construction had obvious ramifications for MotoGP’s intention of running a Texan GP in 2013. From the looks of things, the Texan MotoGP round should not be affected by stoppage in work, and should proceed as planned.
Previously set to host Formula One in 2012 and MotoGP in 2013, the Circuit of the Americas promises to bring more premier motorsport racing to the United States of America. However, news coming out of Austin, Texas is that construction of the new GP-quality circuit has been halted because a contract between Formula One and Circuit of the Americas has not yet been conveyed to the race track according to the parties’ previously agreed upon timetable.
While it is not clear why the contract from Formula One has not been delivered to organizers of the Circuit of the Americas, the news that the construction at the circuit’s location, with its over 300 construction workers, has been halted could mean delays in having the venue ready for the 2012 Formula One season, which in turn could cause delays with MotoGP’s plans to run at the track a year after the premier car racing series. The Circuit of the Americas organizers say construction on the facility would resume once delivery of the Formula One Grand Prix race contract occurs.
Yamaha must be picking up on the idea that any video with Colin Edwards is motorcycling gold, even when it’s hocking the Yamaha Extended Service warranty plan (well…sort of). While definitely not the company’s finest, and bleeping out Colin Edwards sort of defeats the purpose of why you’d put the plucky MotoGP rider in a video in the first place, as far as commercials for warranty plans go…this one has to be our favorite.
Though the writing could use some work, and editing things down a bit might have helped as well, we still like a number of the gags in this video, which is set at the Texas Tornado Boot Camp. A Shake Weight gag, reserved room for Dani Pedrosa, and the answer to what shooting a .50 cal has to do with riding await you after the jump.
A tremendous commotion was started today, as a panel in the Texas Senate decided to cut the $25 million subsidy set aside to help bring Formula 1 to the city of Austin, Texas. Immediately this sent concerns through the motorcycling press as to what it could mean for MotoGP and the Texan GP scheduled to be held in 2013, as it seemed the State of Texas was pulling its support from the still un-built Circuit of the Americas.
The short answer to that question is nothing, as the $25 million was ear-marked to go directly into Formula 1′s pocket, not to MotoGP’s coffers. However, the long answer to the question is a bit more convoluted, as MotoGP’s running in Austin is intrinsically linked to Formula 1 coming to the Texan track, which this budgetary decision seemingly directly affects.
In case you missed yesterday’s big news, the Circuit of the Americas track (the new world class venue being built outside of Austin, TX) has signed a 10-year deal to host motorcycling’s premier racing series starting in 2013. Securing both MotoGP and Formula 1 right out of the gates is a huge coup for the Texan track, and the prospect of having potentially three American-based GP’s is tantalizing to any motorcycle enthusiast that bleeds red, white, and blue (we guess having F1 return to American soil is pretty cool too).
With less than 24 hours since its announcement, the Austin track has already thrown together a promotional video that outlines the circuit’s facilities, features, and of course whets our appetite for the 2013 Austin GP (or is it Texan GP?). Check it out after the jump, and be sure to clear out some space on your 2013 calendar.
The rumors finally came true today, as Dorna has signed on the Circuit of the Americas, the new world class facility being built outside of Austin, Texas, for a 10-year contract to host MotoGP racing. Like the Indianapolis GP, and unlike Laguna Seca, the Austin GP (unofficial name) will host all three GP classes on its race weekend, and will begin hosting MotoGP starting with the 2013 season.
This is surely good news for American race fans, as it adds another venue to the roster, which could see three stops in the USA for MotoGP racing. Rumored to possibly be replacing the Indianapolis GP, it was interesting enough to see that the famous mid-west track issued its own statement about the event, putting its full support behind the Texan venue entering the calendars, and what it could mean for American GP racing.