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2017-02-07 11:19

SHROUDED IN SECRECY : Formula 1 has requested that the financial details of the 2015 and 2016 US Grands Prix remain secret. Image: AFP

Austin, Texas - The Texas attorney general's office will keep secret how much money Formula 1 receives from organisers of the US Grand Prix to run the annual race.

The Associated Press had requested financial information related to the 2015 and 2016 races from the governor's office under state public records law. Race host Circuit of the Americas receives more than $20-million in taxpayer funds to help pay for the event.

'Harm negotiations'

F1 requested that details of total payments, rights fees and negotiations with the circuit remain secret. F1 attorneys said releasing those details would have harm negotiations for other races.

Texas Attorney General Ken Paxton's office agreed in a ruling dated February 2. It cites a 2015 state Supreme Court decision that allows government agencies and contractors to keep some contract payment details secret.

The Texas Legislature is considering a bill that would close that exemption.

Circuit of the Americas. #USGP2015 #F1 #austintx #thankyouemirates

A photo posted by Alvin Abraham (@aprodmusic) on

Read more on:    2015 us grand prix  |  texas  |  motorsport  |  f1

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