Kevin Schwantz and COTA settle out of court

Schwantz announced as "official ambassador for COTA" and upcoming Austin MotoGP race; COTA to help raise money for Marco Simoncelli Foundation

2010/08/29 - mgp - Round11 - Indianapolis - Moto2 - Kevin Schwantz - American Honda - No Bike - PortraitAndrew Northcott

Circuit of the Americas has announced that it and former 500cc World Grand Prix champion Kevin Schwantz have "amicably settled their legal differences," and that the two "have reached a new agreement to collaboratively promote motorcycle racing at the Austin circuit and across the United States." Additionally, Schwantz will "serve as an official ambassador for COTA and work to promote the upcoming Red Bull Grand Prix of the Americas MotoGP event" slated for April 11-13, 2014 at the COTA circuit.

Schwantz had filed suit against COTA back in September 2012 after suddenly finding out that his promotional company 3fourTexasMGP had been forced out of promotional dealings with MotoGP rightsholders Dorna to the Austin MotoGP race. The situation quickly escalated after Schwantz was singled out and expelled from the track premises at a winter MotoGP preseason test, resulting in a series of statements from both parties that only exacerbated the growing issue. The lawsuit had originally been scheduled to start last month, then was postponed to May.

Part of the COTA press release also states that the circuit "will donate $1 for every ticket purchased for the Red Bull Grand Prix of The Americas to the Simoncelli Foundation, a nonprofit organization supporting humanitarian projects that benefit the disadvantaged." Schwantz has been a major supporter of the Simoncelli Foundation, named after former 250cc Grand Prix world champion and rising MotoGP star Marco Simoncelli, who was killed in a crash during the 2011 Malaysian Grand Prix.

"I look forward to being the ambassador for two-wheel racing for COTA, especially as the 2014 MotoGP season begins and returns to Texas,” Schwantz said in the COTA press release. “Grand prix motorcycle racing has been my life, and to help COTA market and promote that moving forward is exciting! I am thankful for COTA's support of the Simoncelli Foundation, a charity that's important to all of us who knew Marco personally and fans that followed his career. Marco was a great competitor and a very special friend. Now racing fans everywhere can honor his memory and help a cause important to Marco by purchasing a ticket to Austin’s MotoGP race."

“Kevin is a great champion and partnering with him gives us an opportunity to learn from his deep knowledge, as well as continue to celebrate his accomplishments,” Circuit Chairman Bobby Epstein stated in the press release. “Kevin and I have always shared the desire to see him be a part of COTA, and it's awesome to finally see it become a reality. A great American track and a great American champion in the same city can't be kept apart. As a result, casual riders, current racers, future stars and the fans all win.”

Terms of the legal settlement between Schwantz and COTA were not disclosed.