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.
Racing gates at Club La Molienda, a cartel-linked horse racing track in Nuevo Laredo, Tamaulipas

US sanctions horse racing network tied to the Northeast Cartel

MND Staff - 0
The United States Treasury says the cartel laundered millions through quarter horse racing in the U.S. and still controls Nuevo Laredo’s top racetrack.
Ángela Karime Venegas Hernández

A Tamaulipas teen built a fire extinguisher that puts out flames using sound

MND Staff - 1
The prototype so impressed education officials that the 17-year-old Altamira resident advanced through regional, state and national competitions to qualify for an international student science fair in Indonesia, where she is presenting this week.
ensenada hurricane relief

Rachel death toll rises to 8 in Baja California as newly formed Hurricane Trudy heads for Jalisco coast

MND Staff - 0
The cluster of three intense storms has created a virtually nonstop emergency up and down Mexico's west coast and prompted the federal government to activate the Defense Ministry's DN-III emergency protection plan and the Navy’s “Plan Marina.” 
BETA Version - Powered by Perplexity

VIDEO OF THE WEEK