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2018 F1

Breaking: Formula 1 Rejects Chicago Grand Prix

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Formula One signaled red flag to Chicago Grand Prix as it didn’t offer to pay as much as other race hosts according to the former boss of the F1 Bernie Ecclestone.

“I got Chicago to agree five years ago but they weren’t going to pay enough money. The windy city. I thought I could get more somewhere else,” he told Forbes over lunch in London. He added “I could do a deal this afternoon for a race in California.”

Ecclestone, who had been in F1’s control for 40 years, was replaced by Liberty Media lieutenant – Chase Carey. He has since stated his aim of hosting another US race in a “destination city” such as New York, Los Angeles, Miami or Las Vegas. However, his plan has yet to get off the grid as Liberty has failed to sign a new Grand Prix since it took the wheel of F1 in January 2017.

F1’s only race in the United States takes place in Austin, Texas but talk of a second event has accelerated over the past year since the series was acquired for $4.6 billion by the American mass media company Liberty Media… more to follow

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