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Ms. Marsha McCombs Shields has been Manager of McCombs Family Ltd. since January 2000.
Tavo Hellmund, associate director of Full Throttle Productions, LP revealed that Red McCombs is the lead investor in the proposed Formula 1 United States Grand Prix (TM) (Grand Prix U.S.). Legend of business and sport, McCombs commits financial resources, experience and business networks of support for McCombs Partners Tavo Hellmund and his extensive background in motorsports. Mr. McCombs Hellmund and Partners are currently working on developing a potential site as well as the infrastructure to host this event. The aim is to present one of the most prestigious sporting events in the world and the first circuit built specifically for F1 in the United States. Tavo Hellmund, a native of Austin, an event promoter and former racing driver, was always interested in Formula 1 and has spent the last three years he returned to the United States, in his hometown of Austin. This project represents a huge challenge, says Hellmund. But at least the next decade, Texas will host an annual international sports event in a multi-site upscale. Knowing that all our efforts have not been in vain and that my dream will become a reality overwhelms me. It is a privilege to have Red McCombs and McCombs Partners as an investor and senior partner. The success of Red in the business and the environment of professional sport is legendary. Working in teams and under the direction of Red, we will ensure that this project is beneficial for all Texas and become a source of pride for our state. Formula 1 back in the United States is a golden opportunity and an opportunity than any city in the world would have, said McCombs. The size and scope of a Formula 1 race organization is comparable to a Super Bowl represents considerable economic benefits for Austin, San Antonio and the entire state of Texas. We know that Tavo has a clear vision to make Formula 1 a major event, generating opportunities throughout the year. In recent years he has developed a solid commercial basis and has assembled a seasoned team that we are proud to join. We are ready to roll up our sleeves and work alongside Tavo for this project a resounding success. McCombs, a Texas legend in business and sport, is the former owner of NFL team the Minnesota Vikings and the NBA team the San Antonio Spurs and Denver Nuggets. In addition, McCombs is co-founder of Clear Channel Communications and was the owner of nearly 400 businesses during his career, including McCombs Automotive Group and McCombs Energy. McCombs Partners is the investment management business of McCombs Enterprises, the family company founded by Red McCombs. In addition to McCombs Partners team includes Hellmund Prophet Capital Management, a private investment company founded in Austin in 1995 and Kevin Schwantz, former motorcycle racer and world champion. Mr. Hellmund also launched the official website of the event: http://www.formula1UnitedStates.com, a site devoted to local, state, national and global interest in the proposed Formula 1 United States Grand Prix (TM) . The site's objective is to give fans - and neophytes - racing perspective on a global sporting event that combines technology and style. The contents of the site will include information on sponsors of the event and investment groups, frequently asked questions, information on Austin, news, information on Formula 1 and the opportunity to make a lap through in Formula 1 (TM). Fans will have the opportunity to register to receive additional information including updates and ticket offers. The site will be updated continuously with the latest news and developments concerning Formula 1 United States Grand Prix (TM) and the various industries of the race. Formula 1 is part of the three most prestigious sporting events in the world alongside the Olympics and World Cup Soccer FIFA. Formula 1 is considered the sporting event the world's most advanced in terms of technology. Her worldwide popularity is enormous with more than 520 million viewers in 187 countries, making it the most watched annual sporting world. This project is going to Austin and the State of Texas on the front of the world. Its economic impact on the community is estimated at about U.S. $ 300 million annually, according to the Office of the Comptroller of Texas. Austin, Texas is the center of a population of nearly 20 million people and offers within a radius of 180 miles, 130 international flights daily. Austin is easily accessible either from the East Coast or West United States, or from Canada, Europe, Mexico and Central America and South America. The track is located on 900 acres of land southeast of Austin along the corridor 130 near FM 812. The majority of the land concerned by the project was previously known as Wandering Creek property. The natural topography of the land should be particularly suited to the development of a site of very high level. --- Hellmund convinced on Austin The presentation of the site of the Grand Prix of the United States, and especially the presence of Red McCombs, alongside Tavo Hellmund, have won a few points of trust in Austin. Hellmund, the sponsor of the Grand Prix to be held in the city of Texas in 2012, has raised some concerns some experts. Zak Brown, head of the company that represents sponsors in F1, LG, Johnnie Walker and Hilton, said the press conference fell on skepticism about the project Austin. "Many people have wondered how this could be possible," Brown said in USA Today. "I think the timing is the biggest issue, but we know it will happen." Ron Dennis, McLaren's former manager, agrees: "The race in Austin is a challenge in terms of timing but it will unfold," he said. "We will be in the United States, one way or another." Red McCombs, former owner of franchises such as the San Antonio Spurs, Denver Nuggets and Minnesota Vikings, will be the No. 1 investor. "We must now begin their work very quickly," said Brown. "Whether they are a year late will not stop the work," exclaimed Dennis. --- F1 - McCombs will invest in the United States GP The former owner of the San Antonio Spurs and Minnesota Vikings, Red McCombs, is the largest investor in the organization of the Grand Prix of the United States of F1 which will be played in Austin in 2012. Important Auto Dealer, McCombs has been presented as part of the press conference where they unveiled the site where the test should take place for at least 10 years. The leaders said that this is the first track in the U.S. designed specifically for F1. The German firm Tilke has been hired to design the facilities. It has already been involved in building facilities in Abu Dhabi, Bahrain, Shanghai and Istanbul. Formula 1 is not required to test the United States since 2007. --- The organizers of the proposed new Grand Prix United States gave a press conference to give some information on the tour of Austin. The exact location of the runway will be built in Austin will be near the airport at Wandering Creek. The men involved in this project are businessman Red McCombs, with his side Hellmund financier, but also one of the legends of the motorcycle, Kevin Schwantz. "I wanted to be sure we're in the best possible place to Etas United States to organize this race," said Hellmund. "We looked a good place for a year and a half. " Formula 1 is not deemed to be particularly appreciated in Formula 1, and the fiasco at Indianapolis in 2005 when the Grand Prix did run with six cars, a record, may have left traces. But organizers are confident and are not of this opinion: "People say that F1 is not popular in the U.S., but it is completely false. F1 has been a huge success from 1960 to 1980, when she would run on a permanent circuit. From 1980 to 1999, there has always been temporary and Indianapolis circuit, a circuit more geared towards the Indy and NASCAR. " "Bringing the Formula 1 in the USA represents an opportunity that is only once in his life. The scope of F1 that this event will be comparable to the Super Bowl. This will bring a lot in Austin, San Antonio and across Texas, "says a wealthy businessman McCombs ---- U.S. GP: A site and an investor of weight Tavo Hellmund unveiled the first details of the Grand Prix of the United States in Austin, during a press conference held today in the Texas city. The site chosen is Wandering Creek, a suburb of the city, not far from Bergstrom International Airport, as foreseen. The site of 365 acres is served by Highway 130 and should be part of a program of residential development, finally abandoned. A local association has stated that the proposed F1 track will not be greeted with delight. "Between that and a total of 2,000 homes that look like mobile homes, is the least worst of two who has been chosen ..." The other very interesting information is that the main investor behind the project is another Texan Red McCombs. The name tells you nothing, but perhaps this is one of the largest fortunes in America, one of the co-founders of the powerful communications company Clear Channel. He had built his fortune selling cars before that. McCombs has a passion for sports, especially basketball. He had at one time the team of the San Antonio Spurs, the Denver Nuggets and the Minnesota Vikings. McCombs has also McCombs Energy, a company that develops new alternative fuels. The circuit will be built will be a test base for his company. "I do not know anything about F1 before the project starts. I met with Bernie Ecclestone this morning and he asked me if the circuit would be completed in 2012. I told him we were here in Texas, not anywhere! We have a reputation! competition, whatever the sport is a passion of mine. This adventure, however, must be profitable, we want to become Austin Speed ??City, the city of speed, "has McCombs commented. Other investors are announced Prophet Capital Management, a private local investment company based in Austin and MotoGP world champion, American Kevin Schwantz. ---- The president will he leave his position at Ferrari ... rumor willing! A page will perhaps look for Ferrari to believe the French television TF1, which reports that its chairman Luca di Montezemolo could soon leave office. The information had already been reported by the newspaper Libero in Milan earlier this month, but Fiat, parent company of Ferrari, has denied these rumors. However, the departure of Luca di Montezemolo, Ferrari could well be a reality, some noise in the advertising policy. The favorite to replace him is Andrea Agnelli, 34, a member of the Agnelli family which owns a stake in Ferrari and chairman of the football club Juventus. Luca di Montezemolo Ferrari president since 1991. Emblematic character of the Prancing Horse brand, he played a major role last year in the dispute between the Association Teams Formula 1 (FOTA) for the former president of the FIA, Max Mosley, the record budget ceiling. Barrichello on the verge Rubens Barrichello has confirmed that he was close to extending his contract with the Williams team for a second season at Grove. The Brazilian joined the team this season and his experience has much to do in the renewed form of the British team this year. Rubens Barrichello is also a safe bet for Williams. He dominated his young teammate Nico Hulkenberg since the beginning of the season and finished fourth in Valencia and fifth at Silverstone. "I'm about to extend my contract for another year. I want to be champion with Williams, "said the Brazilian was quoted by several media outlets in Spain and Portugal. Teammate Nico Hulkenberg should also be extended by Williams for the 2011 season. The opinion of Lauda The triple world champion Niki Lauda believes that the FIA ??should do more to punish Ferrari for having manipulated the outcome of the German Grand Prix. The Italian team was fined $ 100,000 for asking Felipe Massa to pass his teammate Fernando Alonso to win the race. Niki Lauda believes however that this fine is ludicrous that given the substantial budget available to Ferrari, and that the team should be penalized more. "With the budgets these teams, 100,000 dollars is nothing. If you think they bought a world championship for that is the biggest joke in history, "said Niki Lauda in an interview with German TV RTL. Chandhok wants to return Karun Chandhok said he hopes to take the wheel of his HRT after the summer break, at the Belgian Grand Prix. The Indian driver has been put off by his team in Germany and Hungary, giving his seat to Sakon Yamamoto. He now wants to get his wheel holder from Spa-Francorchamps. "They will do what they should do according to them. The long summer break is coming and we will see what happens for the rest of the season, "said Karun Chandhok to news agency Reuters. HRT has recently announced that the Indian was still part of the team and a spokesman for the Spanish team said the line-up for Spa-Francorchamps has not yet been established. And according to new rumors, the second test driver Christian Klien could also take part in one or two Grands Prix this season. Things are going well for Austin The presentation of the site of the Grand Prix of the United States, and especially the presence of Red McCombs, alongside Tavo Hellmund, have won a few points of trust in Austin. Hellmund, the sponsor of the Grand Prix to be held in the city of Texas in 2012, has raised some concerns some experts. Zak Brown, head of the company that represents sponsors in F1, LG, Johnnie Walker and Hilton, said the press conference fell on skepticism about the project Austin. "Many people have wondered how this could be possible," Brown said in USA Today. "I think the timing is the biggest issue, but we know it's going to take place. " Ron Dennis, McLaren's former manager, agrees: "The race in Austin is a challenge in terms of timing but it will unfold," he said. "We will be in the United States, one way or another. " Red McCombs, former owner of franchises such as the San Antonio Spurs, Denver Nuggets and Minnesota Vikings, will be the No. 1 investor. "We must now begin their work very quickly," said Brown. "Whether they are a year late will not stop the work," enthused Dennis. Renault is healthy $ $ $ The health of the Renault team is "good", wanted to clarify Bernie Ecclestone, who acknowledged that the team at Diamond has requested an advance on its commercial revenue for 2010. "What happened is that one of the owners of the team (Renault) would not transfer funds from another of his companies because it would have to convene a general meeting» , Ecclestone said in an interview to the Telegraph. "But never have given them money and they have solved their problem then fine," added the Briton 79 years. The skipper of the team, Eric Boullier, raised his voice Sunday to end the rumors faisaint state that their team would be in financial difficulty, which would have pushed to request an advance to FOM. HRT and Toyota Jose Ramon Carabante, HRT team owner now says himself that his team is poised to work with Toyota. After Colin Kolles, technical director, and Bruno Senna, it was the turn of Carabante to discuss a possible agreement with the structure based in Cologne. "This will strengthen the position of Hispania in the battle to be the best news teams. " The deal would cover 15 million €, but the team would stay in Murcia. "Because we were born here," Carabante justified. According to EFE, the technical contract with Toyota would cover the seasons 2011 and 2012. Hispania currently runs on Dallara chassis, but the contract with the Italian manufacturer will not be renewed. |
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