US Grand Prix organizers promised a superstar performer. Now it’s offering to buy back tickets | CNN Business

New York CNN  — 

This year’s musical performer at the Formula 1 United States Grand Prix in Austin, Texas, is so big, Circuit of the Americas (COTA) is offering to buy “early bird” tickets back from buyers and pay ticket holders an extra $50.

Similar to a music festival, the Grand Prix has artists perform before the race. That’s usually all pretty standard, but whoever is chosen is so high-profile that many fans believe COTA can turn a bigger profit by reselling tickets at higher prices than the initial $299 fee.

The identity of the musical

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