HomeNews
News

Entrepreneurs hope to bring Grand Prix to Cancún

MND Staff
By MND Staff
0
Mexico could have a new Grand Prix location if a Saudi-backed group of investors are successful.
Mexico could have a new Grand Prix location in Cancún if a Saudi-backed group of investors is successful.

A Saudi-Arabian backed group of entrepreneurs wants to bring the Grand Prix to Cancún, Quintana Roo, and hopes to tie up a five-year deal.

The Mexican investors — alongside five foreign investors — plan to present a letter of intent at the Mexican Grand Prix on November 6-7. It will be addressed to Jean Todt, president of the Fédération Internationale de l’Automobile (FIA), and Stefano Domenicali, the CEO of Formula 1 (F1).

LP gas magnate Tomás Zaragoza of Zeta Gas and Eduardo Orozco, president of restaurants Wendy’s México and Applebees, are leading the investors. 

Senator Antonio Garibay, the father of F1 driver Sergio “Checo” Pérez, said he met last weekend in Austin, Texas, with Todt to see the details of the new circuit. He added that, if approved, construction would begin in a matter of months.

The newspaper Reforma speculated that the events could be hosted in the 2025-2030 seasons. The newspaper also said the group would not look to stage the event early in the season, in order to avoid any clash with the Mexican Grand Prix in Mexico City.

With reports from Reforma 

Have something to say? Paid Subscribers get all access to make & read comments.
A cordoned-off home with palm trees in the hills of Nayarit

Searching mothers help uncover alleged ‘extermination center’ in Nayarit

MND Staff - 0
Authorities found charred remains and a makeshift burner at a property near Tepic, but have not said how many people were killed or which group is responsible.
Toluca playground

How Toluca is turning tree trunks and old tires into playgrounds

MND Staff - 0
It may sound like an avant-garde art installation — and perhaps it is that as well — but the initiative is practical, economical, environmentally sound and fun. And it's catching on elsewhere.
Satellite image showing Hurricane Isaias in the Gulf of Mexico and Tropical Storm Simon off the Pacific coast of Guerrero in Mexico, 10am central time on Oct. 8

Isaias becomes first Atlantic hurricane of 2026, as Simon threatens Pacific coast

MND Staff - 1
As Hurricane Isaias brings heavy rain to Mexico's Gulf states, Simon is expected to become the 11th Pacific hurricane of the 2026 sometime on Thursday.
BETA Version - Powered by Perplexity

VIDEO OF THE WEEK