PGA Championship Sets Ticket Sales Record FIFA Launches Final World Cup Ticket-Sales Phase XL Center Lands AAC Basketball Tourney Poll: Majority Of Americans Won't Follow World Cup Haas Bullish On New F1 Team Boston Police Confident In Marathon Security Gulati Denies '16 Copa America In U.S. Is Done Deal Nashville's First Final Four Deemed A Success Glendale To Host '15 Pro Bowl Bob Arum Calls Out MGM Grand Execs
Upcoming Conferences and Events
SBD/August 26, 2013/Events and Attractions
Ecclestone Says N.J. F1 Race Will Not Happen, Organizers "Haven't Got Any Money"
Published August 26, 2013
SOUTH OF THE BORDER: AUTOSPORT.com's Jonathan Noble reported Mexico is "poised to make a surprise return" to the F1 calendar in '14. Sources said that it is to be "awarded a provisional slot in next year's schedule." Although teams "have not yet been given a draft calendar," Ecclestone is "intending to pencil in a race in Mexico City." With recent plans for a race in Cancun "having been dropped," former Circuit of the Americas Managing Partner Tavo Hellmund "has been working hard on the Mexico City plan" (AUTOSPORT.com, 8/25).
CIRCUIT BREAKER: In London, Sylt & Reid reported N.Y.-based asset management firm and F1 stakeholder Waddell & Reed has "invested in Circuit of the Americas." The move gives F1 "closer links" to the U.S., where it is "trying to break into the market." Gaining a foothold there "is understood to be an important part of revving up the stalled plans to float F1 on the Singapore stock exchange." Documents show that Waddell & Reed provided $11.8M of the debt on the facility that "is due for repayment" between '17 and '18. The firm last year paid $1.6B for a 20.9% stake "in F1's parent company Delta Topco." The transaction with COTA brings Waddell & Reed's F1-related investments to 7.6% of its net assets. It is a "higher amount than that for any of its other investments" except for gold bullion, which accounts for 9% (London TELEGRAPH, 8/25).