|Valencia holds a second race in Spain each year, dubbed the 'European Grand Prix'|
First we have to examine why a country would want to hold more than one race. In the case of Spain and Germany before it, Ecclestone and FOM decided to make a quick buck from the popularity of a driver in the form of Fernando Alonso and Michael Schumacher respectively. However, in the case of this second US race, it's not as clear cut - the race in Austin might struggle to fill all of its grandstands straight away, so why would America need two races? For one, America is one of the biggest markets in the world, which Formula One teams and their sponsors want to tap into. Austin is on the far-Western side of America, whilst the New Jersey race will be on completely the opposite side of the country, on the Eastern seaboard. Bernie Ecclestone himself has always wanted to hold a race in or around New York, and if this rumoured deal comes to fruition then his dream will have been realised. However, if a country must hold two races, is it financially viable to have one specially built for the purpose and the other to be a temporary facility? I'm not so sure - Formula One can't return to the Indianapolis Motor Speedway, but what would have been so wrong with using Daytona? This would have to be the Road Course, naturally, but this wouldn't have been a bad option. Formula One could have also tried its hand at an oval circuit, but this will be set back for many years to come after the untimely and tragic death of Dan Wheldon in Las Vegas 5 days ago.
So should countries be allowed to hold two Grands Prix? The answer is yes, but only in certain circumstances, if it is a big market like America. And races should never, ever alternate between two countries like France and Belgium are planning to do. But what do you think? Leave your thoughts in the comments.