Mexico is back on the F1 calendar in 2015

Thu Jul 24, 2014 3:48am IST

Alejandro Soberon Kuri of live events company CIE delivers a speech during a news conference to announce a Formula One race in Mexico City July 23, 2014. REUTERS/Daniel Becerril

Alejandro Soberon Kuri of live events company CIE delivers a speech during a news conference to announce a Formula One race in Mexico City July 23, 2014.

Credit: Reuters/Daniel Becerril

REUTERS - Mexico is to return to the Formula 1 calendar in 2015 after a 23-year absence, Alejandro Soberon, president of live events company CIE, confirmed on Wednesday.

"Start your engines, F1 will return to Mexico next year," Soberon was quoted as saying on the BBC's website.

CIE announced to the Mexican stock exchange on Tuesday it has signed a five-year contract to host Formula One races but that the deal was still subject to final negotiations.

The race will be held at the Autodromo Hermanos Rodriguez in Mexico City.

F1 boss Bernie Ecclestone confirmed to the Forbes magazine website (www.forbes.com) that the deal had been agreed.

"We have got Mexico past the post," he was quoted as saying.

Forbes said that the plan to revive the race had the backing of a powerful management team, led by two key figures.

One is Tavo Hellmund, the creator of the U.S. Grand Prix and the Circuit of the Americas in Austin, Texas, and Soberon, whose CIE company is the world's third largest live entertainment business.

Team members include Carlos Slim Domit, who sits on the FIA's decision-making body the Senate, and is the son of the world's richest man Carlos Slim.

There are two Mexican drivers currently on the F1 grid, Esteban Gutierrez at Sauber and Force India's Sergio Perez who have both been bankrolled by Mr Slim, said Forbes.

The return was originally planned for 2014, but the organisers could not update the track in time.

The circuit, which had hosted grands prix from 1963-70 and 1986-92, is likely to be reconfigured from the layout last used when Nigel Mansell won in 1992.

Changes to the ultra-fast banked right-hander at the end of the lap, Peraltada, and resurfacing to reduce its notorious bumpiness, will be undertaken to comply with FIA regulations.

No date has been fixed for the race.

(Reporting By Tony Goodson; editing by Martyn Herman)

Reuters Showcase

Countering China

Countering China

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

'India's Daughter'

'India's Daughter'

Society created Delhi gang rape convicts: Filmmaker Leslee Udwin.  Full Article | Related Story 

Kohli Censured

Kohli Censured

BCCI warns Virat Kohli against repeat of misbehaviour.  Full Article 

MUDRA Bank

MUDRA Bank

Funding the unfunded: India helps small business borrow to grow  Full Article 

PML(N)'s Hope

PML(N)'s Hope

Pakistan's ruling party looks for gains in upper house election  Full Article 

For Women's Right

For Women's Right

Afghan men don burqas, take to the streets for women's rights.  Full Article 

U.S. Envoy Attacked

U.S. Envoy Attacked

Knife-wielding attacker slashes face of U.S. ambassador in South Korea  Full Article 

New Strategy

New Strategy

Ashwin mulls 'one-sided' ploy against big-hitters.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage