2019 Mexican GP to be last. Door open for IndyCar? (2nd Update)
|F1 fleeces the pockets of race promoters until they go belly up. IndyCar must now act fast to secure a race at this track on their 2020 schedule.|
UPDATE This rumor is upgraded to 'fact' today. The Mexican Grand Prix will not feature on the 2020 Formula 1 calendar, according to reports in Mexico.
The future of the race has been in doubt for some time after the Mexican government pulled funding for the event, which has generated large crowds since it returned to the F1 calendar in 2015.
According to the Mexican edition of ESPN, the Corporacion Interamericana de Entretenimiento (CIE) could not reach an agreement with F1's commercial rights holder Liberty Media.
Despite months of negotiations, CIE couldn't convince the Mexican government led by Andres Manuel Lopez Obrador to pay the 800 million pesos required to secure its spot on the F1 schedule until 2025.
03/24/19 Sergio Perez says he is gaining in optimism that the future of Formula 1’s Mexican Grand Prix post-2019 will have a positive resolution.
“It’s looking a bit more promising lately,” said Perez, who is Mexico’s only representative on the Formula 1 grid.
“I really hope that for Formula 1 that we don’t lose such a big venue, it’s been the best Grand Prix in the last four years and I hope we get to see the Grand Prix more often in the calendar.
“Also for my country I think we need Formula 1 because it’s a great exposure, it really shows how great is Mexico as a country, so I’m optimistic so I’m more optimistic than I used to be.
“There are some talks, I obviously don’t have the full details and it’s not my job to really comment on that. It’s just that things probably aren’t as bad as they were so there might be some hope.”
|Mexico City packs the grandstands|
02/01/19 The future of the Mexican Grand Prix looks to be at risk after a Mexico City government official confirmed the events financial support would be stopped after the upcoming 2019 event.
The race returned to the Formula 1 calendar in 2015 following a 22-year absence at a newly upgraded Hermanos Rodriguez Circuit in Mexico City and has received government support in order to pay its hosting fee.
Speaking to El Financiero, Claudia Sheinbaum, Head of Government for Mexico City, explained that the funding, estimated at 400 million Pesos (£16m, $21m) annually, would be diverted to the Mayan Train project, which aims to link major cities in the southeast of the country.
"For 2020, the federal government has no longer committed this resource [to the race] because it is earmarking most of the funds to the completion of the Mayan tourist train or the Mayan train."
|When government funding dries up, the shit hits the fan|
Sheinbaum confirmed the 2019 event, due to take place in late October, will be unaffected: "F1 in 2019 is going to take place because since last year the past administrations committed this amount."
The promoter of the event declined to comment on the news when contacted by Motorsport Week.
The funding switch is likely a result of Mexico's recent change of administration, with the previous ruling party suffering a heavy defeat during last year's general elections. The National Regeneration Movement headed by Andres Manuel Lopez Obrador is now in power and a key election promise of Mr. Lopez Obrador is to cut waste and corruption from government spending.
The Mexican Grand Prix is one of five events, along with Spain, Britain, Germany and Italy, on the 2019 calendar that does not have a 2020 deal.