Formula One has confirmed that it has agreed a new five-year deal with Interlagos which will see the track host the Sao Paulo Grand Prix until at least 2025.
Formula One has also announced that the race will be organzied by a new promoter, Brasil Motorsport, a company owned by investment entities controlled by Mubadala, a global investment company from Abu Dhabi. Mubadala has a strong history of investments in diversified industries, and has appointed Alan Adler, a senior executive with relevant experience in the Sports & Entertainment sector, to lead this new partnership with Formula 1.
Commenting on the announcement, Formula One CEO and Chairdman Chase Carey said: “We are pleased to announce the city of São Paulo will continue to host the Brazilian Grand Prix until 2025 and look forward to working with our new promoter in the years ahead.
„Brazil is a very important market for Formula 1 with devoted fans and a long history in the sport. The race in Brazil has always been a highlight for our fans, the drivers and our partners and we look forward to providing Formula 1 fans with an exciting race at Interlagos in 2021 and over the next five years,” Carey added.
Bruno Covas, Mayor of Sao Paul, revelaed that it was not an easy task to ensure that the race stays in Brazil.
“It is a great joy to be able to announce that Interlagos will continue to host one of the of the most important events in world motorsports. We made a tremendous effort to keep the race in our city. We have robust infrastructure for tourists, public safety and offer top-notch services.
„We believe that hosting the Grand Prix, Formula 1 announces Sao Paulo’s Interlagos Circuit will host Brazilian Grand Prix until 2025 Date 16/12/2020 in addition to promoting our city to the world, will continue to bring important contributions such as job creation and income generation. We have seen studies that show that for every R$1 invested in the São Paulo GP, R$5.20 is generated for the local economy,” he said.