AUSTIN, Texas — official release — V8SC photo — V8 Supercars announced on Thursday they have formally concluded their agreement with the Circuit of the Americas in Austin, Texas.
However, Chief Executive Officer James Warburton is confident there will be international races for V8 Supercars in 2016 and beyond.
The contract with COTA has been terminated after one foray in the United States in May 2013, the Austin 400, and while the event was hailed a success at the time, Warburton said when the economics were considered from both sides, the best decision was to terminate.
“We spent a lot of time chasing down ‘the American Dream’ so to speak,” Warburton said on Thursday. “We had an existing contract with Circuit of the Americas, we’ve terminated that contract, so that’s off the table. We would’ve got a twin up, (but) we both looked at the economics and agreed it was better just to terminate.”
It was reported earlier this year V8 Supercars was looking to ‘twin’ the event with another race meeting in the US, to justify the huge transit costs. But without COTA, the foundation of the idea is no longer there.
“We’ve spent a lot of time and effort with America, which is unfortunately a bit wasted. But away we go now in terms of our approach to Asia,” Warburton said.