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McCombs backing U.S. Grand Prix

Updated: July 27, 2010, 5:09 PM ET
Associated Press

AUSTIN, Texas -- Former San Antonio Spurs and Minnesota Vikings owner Red McCombs is a key investor backing the new U.S. Grand Prix Formula One race to be run in Austin beginning in 2012.

A wealthy car dealer, McCombs was introduced at a news conference to unveil the track site for the race that promoters have said will run in Austin for at least 10 years.

Formula One has said it will be the first track built in the U.S. specifically designed for a Grand Prix event. The German firm ...

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