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Ecclestone considering buying Interlagos F1 circuit

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Ecclestone considering buying Interlagos F1 circuit
By:
Apr 7, 2017, 2:18 PM

Bernie Ecclestone is considering a bid to purchase Formula 1's Brazilian Grand Prix venue Interlagos from the city of Sao Paulo.

Bernie Ecclestone
Lewis Hamilton, Mercedes AMG F1 W07 Hybrid leads behind the FIA Safety Car
Bernie Ecclestone
Max Verstappen, Red Bull Racing RB12

Ecclestone met with mayor of Sao Paulo Joao Doria recently to discuss the latter's plan to sell the circuit as part of wider privatisation project.

Ecclestone, who was given the title of chairman emeritus with Chase Carey taking on his role as part of Liberty's F1 takeover, expressed his interest at the meeting that was also attended by Brazilian GP promoter Tamas Rohonyi.

Motorsport.com understands the mayor plans further talks with Ecclestone, whom with he is believed to have an excellent relationship.

Brazil is in the midst of a financial crisis, which in turn is putting pressure on public funds.

That has led to a proposal to raise cash through privatisation of real estate, including the circuit, owned by the city.

Plans remain at an early stage, with the proposal still requiring sanctioning by the municipal council.

It is also understood the tender for the sale of the circuit will include a clause that makes it the buyer's responsibility to guarantee the race long-term.

Interlagos has a contract until 2020, but the slow speed with which it has completed its development, which included track resurfacing and upgrading ageing paddock facilities, has been criticised.

Doria wants to keep F1 at Interlagos and is keen to extend its current deal to 2030.

He feels that will make the venue a much more attractive proposition and boost plans to enhance the facility.

Interlagos has hosted 34 Brazilian Grands Prix since 1973 and is currently the only South American race on the calendar.

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About this article

Series Formula 1
Author Lawrence Barretto