News Details

Mexico's president pulls the plug on Grand Prix funding!

Mexico's president Andres Manuel Lopez Obrador has said that he will review his country's contract with Formula 1 and in all likelihood cut the event's government funding. The Mexican Grand Prix returned to the F1 calendar in 2015 after a 23-year absence, the venue and its promoters receiving many accolades from the sport for the race's organization and popularity. According to the Financial Times, the Mexican government's annual subsidy of the event is worth approximately $20 million, but President Andres Manuel Lopez Obrador has now earmarked that money for a multi-billion dollar railway project. Carey says deal with Vietnam met with 'excitement' The Maya Train railway line, which will...
Full Story »
5y ago from F1i.com 0
Share

You May Also Be Interested In...

Mexican president cuts Mexican Grand Prix subsidy

Photo by: www.kymilman.com/f1 After being celebrated with the ‘best...
5y ago from TheParcFerme.com

Tourist train project could derail Mexican Grand Prix...

With a new Grand Prix contract deadline approaching, Mexican President...
5y ago from GrandPrix247.com

Albon gets first taste of F1 with Toro Rosso shakedown

Formula 1 rookie Alexander Albon got his first run in a Grand Prix car...
5y ago from F1i.com

Ferrari to go radical with Formula 1 livery?

now viewing Ferrari to go radical with Formula 1 livery? Feb 14, 2019...
5y ago from F1Hub.net

Elsewhere On The Network

Popular On MGPToday.com

Yamaha linked with Gresini and Pramac for 2025...

Japanese marque Yamaha has been linked with both Gresini Racing and Pramac...

Popular On IndyCarToday.com

IndyCar Barber – Qualifying Results

The fight for pole came down to the very final corner of the 15-turn...
11h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Exclusive: Chelsea transfer target '100%' one to watch...

RB Leipzig striker Benjamin Sesko has been linked with Chelsea and other...
43m ago from CaughtOffside.com

Exclusive: Arsenal to discuss new contract for star in...

Arsenal are set to discuss a new contract for star defender Gabriel...
1h ago from CaughtOffside.com

North London Derby preview: Stakes are high

There have been some high stakes North London derbies in the past – you...
1h ago from Arseblog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.