AustinF1 Posted July 22, 2014 Report Share Posted July 22, 2014 Sylt: Ecclestone Confirms Mexican Grand Prix Will Return In 2015... http://www.forbes.com/sites/csylt/2014/07/22/ecclestone-confirms-mexican-grand-prix-will-return-in-2015/ Formula One boss Bernie Ecclestone has confirmed that the Mexican Grand Prix will return next year, after a 23-year hiatus, with a race in Mexico City. Mr Ecclestone first revealed the plan to bring F1 back to Mexico City in February last year in an interview with American motoring magazine Autoweek. It was also confirmed by sources who spoke to F1 website Pitpass and, since then, then plan has become reality. Mr Ecclestone confirmed to Forbes that it has got the green light and said “we have got Mexico past the post.” The race is due to be announced a press briefing in Mexico on Wednesday morning and it is expected to take place late next year. It will be held at Mexico City’s Autódromo Hermanos Rodriguez which last hosted an F1 race in 1992. The plan to revive the Mexican Grand Prix has the backing of an all-star management team which is driven by two key figures. The first is Tavo Hellmund the creator and mastermind of the F1 USGP and the Circuit of the Americas in Austin. His counterpart in Mexico is Alejandro Soberon, chief executive of the world’s third largest live entertainment company CIE. The team members include Carlos Slim Domit who sits on the FIA’s decision-making body the Senate and is son of the world’s richest man Carlos Slim, George Gonzalez chief executive of CIE subsidiary Ocesa, and Federico Alaman, president of motorsports for Ocesa. They aren’t the only driving forces behind the race. ... The annual hosting fee for the Mexican Grand Prix is estimated at $30 million. However, despite his wealth, which Forbes estimates at $80 billion, Mr Slim is not believed to be bankrolling the race according to Pitpass. It will take the F1 calendar to 20 races which is a limit it has only hit once before in 2012. ... Link to comment Share on other sites More sharing options...
NickHolt Posted July 22, 2014 Report Share Posted July 22, 2014 Many of us who know Tavo been longing for this day. He could have spent the rest of his days on Earth being bitter about the way he was ditched by Epstein and McCombs after laboring for 10 years to build COTA and bring a F1 race to Austin. But not Tavo. He got busy and worked his butt off on "Plan B" which is now well on its way to reality. I sincerely hope the Mexican Grand Prix is a huge success. Nick Link to comment Share on other sites More sharing options...
AustinF1 Posted July 23, 2014 Author Report Share Posted July 23, 2014 Steven Cole Smith weighs in from his new gig as top dog at Motorsport.com... http://www.motorsport.com/f1/news/confirmed-formula-one-set-for-mexico-in-2015 The Mexican government is expected to make an announcement Wednesday afternoon.For the first time since 1992, Formula One racing will return to Mexico in 2015. A formal announcement is expected to be made tomorrow by the Mexican government that the race will return to Mexico City’s Autódromo Hermanos Rodriguez, which last hosted that F1 race in 1992. No date will be given for the race, but it will be in late October or early November, likely right befor eor after the Formula One race at Circuit of the Americas in Austin. The race in Mexico has been largely orchestrated by Tavo Hellmund, the promoter who developed Circuit of the Americas, oversaw its design and most of its construction, and signed the first deal for a race with his longtime friend, F1 honcho Bernie Ecclestone. Hellmund was eventually forced out of the project, then turned his attention to Mexico, where his father was a successful motorsports promoter. Much of his work has been in making sure the aging circuit can be updated properly to F1 standards. Hellmund worked closely with Alejandro Soberon, chief executive of CIE, one of the world's largest entertainment conglomerates. One of CIE's investors is Carlos Slim Domit, son of Carlos Slim, widely regarded as the world’s richest man. Both men have a long history of motorsports involvement. It will likely fall in part to Carlos Slim to ensure that there is at least one Mexican driver on the grid next season. Presently there are two -- Esteban Gutierrez at Sauber and Force India’s Sergio Perez (in photo above). Perez likely will have a ride next year, but with Sauber's tentative fnancial situation, Gutierrez's future is less certain. We will have more after the formal announcement. Neither Ecclestone nor Hellmund is expected to attend the press conference. Link to comment Share on other sites More sharing options...
skipperf Posted July 24, 2014 Report Share Posted July 24, 2014 Formula 1 racing returns to Mexico! ..The federal government, through its Twitter account, announced the return of Formula 1 to Mexico after 23 years, which will generate estimated an economic impact of $ 45 million for the hotels in the Mexican capital...... Sounds like a more realistic figure for the economic impact. I guess they don't have to exaggerate their figures to get some free money. Link to comment Share on other sites More sharing options...
AustinF1 Posted July 24, 2014 Author Report Share Posted July 24, 2014 Formula 1 racing returns to Mexico! ..The federal government, through its Twitter account, announced the return of Formula 1 to Mexico after 23 years, which will generate estimated an economic impact of $ 45 million for the hotels in the Mexican capital...... Sounds like a more realistic figure for the economic impact. I guess they don't have to exaggerate their figures to get some free From what I've heard the government's contribution isn't based on performance, so yeah. No need to cover up the truth. Link to comment Share on other sites More sharing options...
AustinF1 Posted July 24, 2014 Author Report Share Posted July 24, 2014 New CIE video outlines renovations to be done to Circuito Hermanos Rodriguez for the Mexican GP. Wow. Reserved seating capacity of 120K in Grandstands + 30K in General Admission. New & expanded pits & paddock, renovation of the baseball stadium.... Very cool. https://www.youtube.com/watch?v=JXUTef8mM-k#t=233 Link to comment Share on other sites More sharing options...
AustinF1 Posted December 13, 2014 Author Report Share Posted December 13, 2014 Sorry I haven't posted lately! Mexican GP moving along. Charlie Whiting has made his second walk-through at Circuito Hermanos Rodriguez. Link to comment Share on other sites More sharing options...
AustinF1 Posted January 22, 2015 Author Report Share Posted January 22, 2015 Mexico City press tour pics... Here's the Foro Sol, the old baseball stadium where the old track will divert to avoid using the entire Peraltada. Pit building under construction, shot from the paddock side. Link to comment Share on other sites More sharing options...
AustinF1 Posted January 22, 2015 Author Report Share Posted January 22, 2015 “@TomClarksonF1: Sims predict 328kph top speed along pit straight, 2nd fastest ave.. of year, after Monza #MexicanGP” Link to comment Share on other sites More sharing options...
NickHolt Posted January 25, 2015 Report Share Posted January 25, 2015 Mexico City F1 Grand Prix to generate $2 billion From http://www.business-standard.com/ Mexico City's hosting of the Formula One Grand Prix will generate $2 billion over five years, a tourism official said. Mexico City (January 22, 2015) - The undersecretary of quality and regulation at the ministry of tourism, Francisco Mass Pena, said Wednesday hosting the event will also promote the occupancy of six out of 10 hotel rooms in the capital, and create some 18,000 jobs, reports Xinhua. Only the world's 15 largest economies, among which Mexico ranks 15th, have hosted the prestigious event, he said. Over the three-day event, which Mexico will host from Oct 30 to Nov 1, some 520 million television viewers will watch the race and see Mexico in the process, he added. The head of Mexico racing team Telmex, Carlos Slim Domit, said some 250,000 people were expected to attend the race over the three days, including 100,000 on the main racing day (Nov 1). Mexico City mayor Miguel Angel Mancera, meanwhile, said in addition to the revenue and exposure the event will generate, there was another advantage of hosting an F1 race. "That draw is seeing a Mexican racer, Sergio "Checo" Perez, in the top category for the first time since 1970," said Mancera. Link to comment Share on other sites More sharing options...
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