[quote]In his letter, Schwantz claimed, "For the benefit of the Austin facility and our Texas fans we entered into the most promoter-friendly contract in MotoGP with Full Throttle, the creator and an owner of the Circuit of the Americas project ... It is my understanding that Circuit of the Americas had the opportunity to obtain these rights on several occasions between late 2010 and the fall of 2011 but that Circuit of the Americas did not follow through."
Full Throttle is Hellmund's promotional company. In a lawsuit filed last week, Hellmund claimed there was an $18 million deal for the Circuit of the Americas to buy his share of the company and the rights to the Formula One and MotoGP races, but that the deal wasn't consummated as planned in an Oct. 25 meeting last year in the London office of Formula One boss Bernie Ecclestone.
In December, the track was able to renegotiate a contract for the Formula One race with Ecclestone after Hellmund's original contract was determined to be in breach.
No such deal has been reached regarding the rights to MotoGP.
Schwantz, a long-time friend of Hellmund's, wrote Sexton, "In the past others at the Circuit of the Americas have indicated that their group has attempted to obtain these rights from Mr. Hellmund for amounts ranging from $4 million to $17 million but that Mr. Hellmund declined."
Schwantz claimed he knew such offers hadn't been made and requested documentation of any such offers.[/quote]