Grand Prix of America promoter says he has agreed a long-term deal with Bernie Ecclestone
Leo Hindery Jnr says he has dreamed of the race for over a decade
By William Esler. Last Updated: 13/06/13 1:56pm
The promoter behind the Grand Prix of America says they have signed a "long-term agreement" with Bernie Ecclestone to stage the race in New Jersey.
The event was supposed to take place this year, with F1 travelling south from Montreal for the inaugural race along the banks of the River Hudson, but construction delays led to the initial deal being 'torn up' and the 2013 calendar cut to 19 races.
Officials from the Grand Prix of America were present at the Canadian GP last weekend and have now announced a new deal is in place, reported to be 15-years in duration.
"The Grand Prix of America at Port Imperial has been a dream of many in the sport for over a decade," GPA Executive Chairman and race promoter Leo Hindery Jnr said.
"We had hoped to be ready to race in June 2013, but by late last fall (autumn) it was clear we would not have in place in time the long-term capital structure needed to satisfy Formula 1 of our readiness.
"Thanks to the patient, invaluable support of Bernie Ecclestone and FOM (Formula 1 Management) we now have the long-term sanctioning agreement needed to go racing for years to come, starting in June 2014."