Pressure to deliver for US GP promoter 1 July, 2010 Jul.1 (GMM) Organisers of a United States grand prix risk penalties if the race does not go ahead in 2012. That is the warning of F1 chief executive Bernie Ecclestone, who more than a month ago announced a 10-year contract for a race in Austin, Texas. The contract, with promoter Tavo Hellmund’s company, involves the construction of a purpose-built circuit. But given a lack of details so far, and the famous Indianapolis Motor Speedway’s failure to make the US GP a success, some pundits are sceptical about Austin’s bid. For example, the source of the bulk of the funding is a mystery, with Ecclestone revealing only to the Austin daily American-Statesman that the backers are from the US. It has also been suggested that 2012 is an overly optimistic race debut date, but Briton Ecclestone insists it will take place then. “That’s what the contract says,” he said. “It might turn out to be expensive for Tavo. We’ve got some penalty clauses, although I wouldn’t want to use them.” Ecclestone said he is confident Hellmund’s project will succeed. “Until he doesn’t (succeed), we won’t know,” said the 79-year-old. “You might say I couldn’t run the 100 metres in seven seconds, but until I try, you don’t know.” Tweet http://www.last.fm/group/Formula+1 Bec Surely the world’s largest economy can build a race track in 2 years, if India and south Korea can do it, why not the USA? http://www.last.fm/group/Formula+1 Bec Talking of new circuits, Mallorca has put in a bid to host the European GP from 2013. Sun, Sea, Sangria and Speed Pit Rat i think Bernie can run the 100 dash in 7 seconds… he just has to try…all that walking up and down the grid must have made him capable no? R. Toc Sounds like Bernie being Bernie. This deal will be history by mid 2011. herbert wilson Who cares…most of us who never missed an Indy F1 will be damned before we go to bloody texas — back to centralized location like Indy or to Upper NY state which is a couple of hours drive for millions.. Texas ??? that’s a joke, What is it about bernie and desert locations ?.