UBS Is Trying To Bring A Grand Prix Race To New York

Swiss investment bank UBS has been appointed by the organisers of the planned New York Grand Prix in a bid to secure $100m (£65.7m) of funding to enable the race to go ahead in 2014. The 3.2-mile track is on public roads in Port Imperial, New Jersey. It snakes alongside the Hudson river and would give the race a spectacular backdrop of Manhattan's historic skyline. The plans are close to the heart of Formula One's chief executive Bernie Ecclestone, as he has been trying to hold a grand prix in ...