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Austin GP In Court, Again

Tavo Hellmud With Sir Jackie Stewart

Tavo Hellmud With Sir Jackie Stewart

The inaugural USGP at Austin, scheduled for November 2012, is imperiled again by litigation, on top of track construction delays. The race may not be dead, but appears to be on life support.

Tavo Hellmund, once the face of the Austin GP — Circuit of The Americas — project, and his company, Full Throttle Productions, have filed a lawsuit against track investors Bobby Epstein and Red McCombs and other companies now controlling the $300 million project under construction in Travis County, Texas. The civil suit filed in state court does not specify damages but says Hellmund had an agreement for an $18 million buyout that was not fulfilled and that he was scheduled to make US$500,000 a year for 10 years as chairman of the United States Grand Prix.

F1 Promoter Sues Other Race Investors | Austin Statesman.

Hellmund may be a good guy with great intentions, but has no contract with Formula One any longer. His friend Bernie Ecclestone canceled it.

Austin’s Formula One leader opens up on the track, the lawsuit and the plan for all those non-race days | CultureMap Houston.
 

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