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March 7th, 2012, 08:19 PM   #1
 
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This SportRider article confirms what I've been thinking. COTA has not secured the MotoGP race rights. I hope they do so soon!



http://www.sportrider.com/news/146_1...ers/index.html



Quote:
Tavo Hellmund, the racing promoter credited with envisioning and then creating the framework for the Austin F1 race through his contacts within the racing industry—including F1 supremo Bernie Ecclestone—has filed suit against his former financial partners in the Austin venture...



...his longstanding motorsports contacts that enabled him to land a contract for a Formula One race in the Austin area (in addition to MotoGP and Australian V8 Supercars races in 2013), was pulled out from under him via “an improper and unlawful takeover” by McCombs/Epstein “withholding…promised funding.” The suit states that Hellmund offered McCombs and Epstein 75 percent of the venture in exchange for financial backing, but when they failed to pay Ecclestone the required $23 million fee for the original F1 race contract in September of last year, that contract Hellmund negotiated was cancelled (this theoretically put McCombs and Epstein in the driver’s seat for a new contract that wouldn’t include Hellmund…but it ended up resulting in a protracted stalemate with Ecclestone, who is a longtime friend of Hellmund’s, that was only saved at the last second).



...the significance of this brouhaha in Texas is that Hellmund still holds the MotoGP contract that was announced with much fanfare back in April 2011. Thus with this latest move, unless he signs it over to COTA or someone else in much more favor with current COTA management, the chances of the 2013 debut of MotoGP in Austin are pretty darn slim.


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March 8th, 2012, 06:12 AM   #2
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No worries! Tavo seems like a fine, upstanding person. I'm sure he'll do the right thing.



So long as someone pays the scum sucking pig the $500,000 a year he thinks he deserves.







Why anyone would get into bed with Buttfuck Bernie and his slime-of-the-Earth minions is beyond me. As always, the only thing sure to happen is that the taxpayers will get bent over in a big way.
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March 8th, 2012, 08:52 AM   #3
 
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Quote:
Originally Posted by Geonerd View Post
No worries! Tavo seems like a fine, upstanding person. I'm sure he'll do the right thing.



So long as someone pays the scum sucking pig the $500,000 a year he thinks he deserves.
How's that?



None of the Austin race deals would exist were it not for his efforts.



Hellmund brought:

$250M ($25M x 10 years in METF funding)

+ F1 race rights guaranteed for 10 years, at a much better price than COTA could negotiate

+ MotoGP for 10 years

+ V8 Supercars for 5 years.



So far:

- He's had the F1 race rights effectively stolen out from under him,

- He's yet to be bought out, and

- He hasn't been paid a salary since September.



Should he not be compensated for creating the deal and bringing everything he brought?



If not, why?
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March 8th, 2012, 08:56 PM   #4
 
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So...is Kevin Schwantz a scum sucking pig as well? I don't think so.



http://www.statesman...rce=twitterfeed









Quote:
Motorcycling legend Kevin Schwantz, who figured to be the public face of that race, has been mum on the subject for months. But in February, Schwantz sent a letter to Steve Sexton, the president of Circuit of the Americas, saying, "I urge you one final time to contact Mr. (Tavo) Hellmund about obtaining the rights to host a MotoGP race in Texas, after which I would be glad to open discussions with you as the new promoter. If you have not obtained such rights from Full Throttle, then unfortunately Circuit of the Americas will not be included as a round of the FIM Grand Prix Road Racing World Championship."






Quote:
In his letter, Schwantz claimed, "For the benefit of the Austin facility and our Texas fans we entered into the most promoter-friendly contract in MotoGP with Full Throttle, the creator and an owner of the Circuit of the Americas project ... It is my understanding that Circuit of the Americas had the opportunity to obtain these rights on several occasions between late 2010 and the fall of 2011 but that Circuit of the Americas did not follow through."



Full Throttle is Hellmund's promotional company. In a lawsuit filed last week, Hellmund claimed there was an $18 million deal for the Circuit of the Americas to buy his share of the company and the rights to the Formula One and MotoGP races, but that the deal wasn't consummated as planned in an Oct. 25 meeting last year in the London office of Formula One boss Bernie Ecclestone.



In December, the track was able to renegotiate a contract for the Formula One race with Ecclestone after Hellmund's original contract was determined to be in breach.



No such deal has been reached regarding the rights to MotoGP.



Schwantz, a long-time friend of Hellmund's, wrote Sexton, "In the past others at the Circuit of the Americas have indicated that their group has attempted to obtain these rights from Mr. Hellmund for amounts ranging from $4 million to $17 million but that Mr. Hellmund declined."



Schwantz claimed he knew such offers hadn't been made and requested documentation of any such offers.
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March 8th, 2012, 10:18 PM   #5
 
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Quote:
Sexton said in an email, "We are in discussions with several major race series who have reached out to us, and our confidence is high that three to five major world-class events, including a two-wheel championship, will be on the 2013 schedule — and that these races will take place under terms favorable to the Circuit and the series owners."


Hello WSBK.



That's the same as MotoGP, right?
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March 8th, 2012, 10:36 PM   #6
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Naw, its better... TWO races on Sunday and paint swapping!!
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March 8th, 2012, 11:44 PM   #7
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Great. 3 races in a single country is NOT what MotoGP needs. Drop Indy and I would say go for Texas but until then 2 races is enough.
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March 9th, 2012, 06:47 AM   #8
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Quote:
Originally Posted by Mental Anarchist View Post
Great. 3 races in a single country is NOT what MotoGP needs. Drop Indy and I would say go for Texas but until then 2 races is enough.
I dont disagree, but, Spain has 4 races, and it is smaller than the state of Texas, much less the entire US. What they call countries in Europe, we call states. I run hot and cold on Indy. On one hand, the track sucks. It has no elevation changes, the facility is monstrous , and i hate the way they herd you and restrict fans from what would be prime viewing areas. On the other hand, the chill you get from just walking in the place with all its history would have to rank right up there. The facilities are wonderful, and the city is second to no one when it comes to handling large events.They have that shit down to a science. Traffic is no problem, food is good at reasonable prices for a race track. The city offers plenty of rooms and restaurants close to the track at VERY reasonable rates, no gouging . Law enforcement is friendly and will allow you to kick up your heels within reason, they understand you are dropping big money into their local economy.The downtown block part for bikes only is a great time, and then you have the Indy Mile flat track race that runs in conjunction with the GP weekend. All in all a very fun weekend.
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March 9th, 2012, 10:17 AM   #9
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Quote:
Originally Posted by povol View Post
I dont disagree, but, Spain has 4 races, and it is smaller than the state of Texas, much less the entire US. What they call countries in Europe, we call states. I run hot and cold on Indy. On one hand, the track sucks. It has no elevation changes, the facility is monstrous , and i hate the way they herd you and restrict fans from what would be prime viewing areas. On the other hand, the chill you get from just walking in the place with all its history would have to rank right up there. The facilities are wonderful, and the city is second to no one when it comes to handling large events.They have that shit down to a science. Traffic is no problem, food is good at reasonable prices for a race track. The city offers plenty of rooms and restaurants close to the track at VERY reasonable rates, no gouging . Law enforcement is friendly and will allow you to kick up your heels within reason, they understand you are dropping big money into their local economy.The downtown block part for bikes only is a great time, and then you have the Indy Mile flat track race that runs in conjunction with the GP weekend. All in all a very fun weekend.


You Americans and your "American Complex"...right Mental?
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March 9th, 2012, 11:08 AM   #10
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Quote:
Originally Posted by Jumkie View Post
You Americans and your "American Complex"...right Mental?
Is that an admission of some sort.
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