F1 race in Argentina on the horizon

F1's lone South American race in Brazil could get some company in the near future. Recent media reports suggested that Argentina could make an F1 comeback and replace the struggling South Korean race. Argentine Minister of Tourism Enrique Meyer told Italian website Autosprint: “The National Government accepts the challenge of organizing the Grand Prix of Argentina to promote the image of our country around the world. In May, the three-year contract will be signed between all parties involved."

Argentina last hosted an F1 Grand Prix in ’98. The Brazilian Grand Prix, which takes place at Interlagos circuit in Sao Paulo has a contract with F1 through ’14. However, Ecclestone revealed last year that if the track wants to retain its F1 race until at least ’20 then it has to undergo major improvements. Ecclestone said, “I have long believed in Brazil — we've been there since 1972. The future of Formula One Brazil depends now on major improvements at Interlagos. These events (World Cup and Olympics) are a great opportunity to look at the circuit, as well." The organizers of the Brazilian F1 race, GP Brasil, did not respond to multiple interview requests. HJ Mai, SportsbusinessDaily.com