Bratches confident over US GP future

Without the $25 million from the state of Texas every year, the USGP would quickly go belly-up

(GMM) Sean Bratches is confident about the future of the US GP in Austin.

Recently, the race looked in doubt after organizers missed a paperwork deadline that meant a lost $25 million in state funding.

It was reported that the issue had been resolved.

But Autoweek now reports that the legislative session in fact ended in the Texas State Capitol this week without the race funding problem being solved.

Bratches, the F1 commercial director, doesn't sound worried.

"We have a great relationship with (the track) and it is a highly regarded and valued part of our season," he told the Associated Press.

"We look forward to the grand prix in Austin this October and for many years to come. (It) is a circuit that is loved by teams, drivers and fans."

Race organizers did not comment.