Skip to main content

Lack of funds causes permanent pit stop for New Jersey’s Formula One race

Red Bull F1 in New Jersey

It looks like Chris Christie won’t be hobnobbing with Sebastian Vettel anytime soon.

Formula One has cancelled plans to hold a race in New Jersey, F1 boss Bernie Ecclestone told CNN.

Related Videos

The Grand Prix of America, scheduled to take place across the Hudson River from New York City in 2014 isn’t happening because the race’s organizers don’t have enough money, Ecclestone said.

“It’s not in the cards for next year,” he said. The official F1 calendar won’t be finalized until December, but organizers need to prove they have the requisite financial backing well in advance.

However, Grand Prix of America spokesman Alex Howe said the race could still happen.

“We don’t comment on financial matters but we are on track for 2014 and will have a statement following the announcement of the official 2014 FIA Formula One World Championship schedule,” Howe told CNN.

The race has already been cancelled once; it was tentatively scheduled for this past June. While construction of the F1 facilities is already under way, the Grand Prix of America has had organizational difficulties.

The race’s president, Tom Cotter, resigned in August 2012, and inability to make payments to the F1 organization led to its original cancellation.

“It is such a muddle and a mess that it is not worth doing,” Ecclestone said of the situation.

The New Jersey Grand Prix was supposed to be run over 3.2 miles of public roads in Weehawken and West New York, New Jersey. Current F1 World Champion Sebastian Vettel and fellow Red Bull team driver David Coulthard showed up last year to do some “testing.”

While Weehawken doesn’t really have the class of Monaco or the storied racing history of Silverstone, its location just opposite Manhattan makes it a desirable site for a sporting event. The New York Giants play in New Jersey, after all.

A race within spitting distance of the cultural center of the United States is certainly an attractive prospect, but the Grand Prix of America wouldn’t be the first failure of F1 in the U.S.

In 2005, problems with Michelin tires at the United States Grand Prix in Indianapolis left only six cars on the starting grid. Two years later, F1 left the States for what turned out to be a five-year hiatus.

Formula One fans can still see a race without having their passports stamped: The United States Grand Prix was revived last year at the newly constructed Circuit of the Americas in Austin, Texas.

So, if you want to see an F1 race in the United States, buy a cowboy hat.

Editors' Recommendations

Formula One is adding cost caps in 2021, so teams are spending even more for 2020
formula one teams spend twice as much ahead of cost caps f1 grand prix mexico

Formula One is giving its rules a major overhaul for 2021. In addition to cool new cars, the rule changes are meant to address a major current issue with the race series: The massive gap in performance between the richest teams and the poorest. Cost caps for 2021 are meant to level the playing field, but so far all they've done is encourage teams to spend even more, reports

Teams are gearing up to spend more in 2020 ahead of the institution of cost caps for the 2021 season. Red Bull Racing boss Christian Horner told that he expects 2020 to be the team's most expensive year in F1. Why? Because Red Bull will be doing as much development work as possible before the cost caps come into effect. Some of areas of development -- such as wind tunnel testing -- will be restricted, but Horner said Red Bull is probing the regulations for loopholes.

Read more
Formula 1 shows off its 2021 designs, changes rules to balance the playing field
2021 F1 Car



Read more
Toyota gives its sweet, race-ready Supra the green flag for production
toyota supra gt4 concept 2019 geneva motor show gr



Read more