The UBS memorandum states that the funding is required to complete the
engineering work and build the Club of America VIP hospitality area, where
guests will get a close-up view.
UBS forecasts that corporate hospitality tickets will cost $4,255 each and,
along with general admission, will generate 80pc of revenues. It adds that
the average ticket price is expected to be around £358 ($563) compared to
£288 at the British Grand Prix which took place yesterday.
The organisers expect a total crowd of 240,000 over three days, slightly less
than the 265,499 spectators who attended the inaugural United States Grand
Prix in Texas last year.
UBS is the investment bank of choice for companies connected to F1 because it
is an official partner of the sport. It was one of the first banks which
signed up to be a bookrunner for the flotation of F1, due in the next 12
months.