Brazil F1 circuit sale expected in March or April

SAO PAULO (Reuters) - The privatisation of São Paulo's motor racing circuit is likely to take place in March or April next year but the sale will not affect future grand prix events at one of Formula One's most popular venues, city mayor Joao Doria said on Wednesday.

Brazil F1 circuit sale expected in March or April

(Reuters)





Sao Paulo's city council must approve the sale but Doria said that was "practically 100 per cent" certain.

"The Interlagos autodrome and F1 is an interesting package for investors. There are Brazilian and international groups (interested)," Doria told reporters at an event ahead of the Brazilian Grand Prix on Nov. 12.

"The contract with Formula One will be strictly adhered to until 2020," the mayor added. "Our hope is that Formula One stays here in 2021, 2022, for a long time. The idea is to continue for three or four decades."

Doria was at the circuit to showcase almost $7 million of investment in the paddock and track ahead of the penultimate race of the season next month.

British driver Lewis Hamilton hopes to ensure his fourth world title with a win this weekend in Mexico.





(Reporting by Andrew Downie,; Editing by Neville Dalton)


Share

1 min read

Published

Source: Reuters



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world