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Author Topic: Sao Paulo - new Brazil GP F1 contract may fall foul of open competition laws  (Read 214 times)

Online John S

Wonder who could be behind a court petition to contest the transition from the previous promoter to a new one?  :DntKnw:

Wait a mo doesn't one Bernard Charles Ecclestone have many friends in Brazil, including the former race promoter, or maybe I've just dreamed that. 

https://www.motorsportweek.com/2021/01/12/sao-paulo-judge-suspends-citys-formula-1-contract/


Racing is life - everything else is just waiting. (Steve McQueen)

Offline Jericoke

Wonder who could be behind a court petition to contest the transition from the previous promoter to a new one?  :DntKnw:

Wait a mo doesn't one Bernard Charles Ecclestone have many friends in Brazil, including the former race promoter, or maybe I've just dreamed that. 

https://www.motorsportweek.com/2021/01/12/sao-paulo-judge-suspends-citys-formula-1-contract/

I'm surprised how little Mr. E pops up in F1 news.  Perhaps he is doing a good job of keeping quiet behind the scenes.

Online cosworth151

Whom ever did it, Thank you very much!  :good:
“You can search the world over for the finer things, but you won't find a match for the American road and the creatures that live on it.”
― Bob Dylan

Offline Andy B

He not only has a very large house in Brazil but is also a Brazilian coffee bean farmer as seen on an interview with Martin Brundle awhile back.
Once you have retired every day is a Saturday!

Online John S

Whom ever did it, Thank you very much!  :good:

Cos don't you want a race to stay at Interlagos?  :confused:

The city of Sao Paolo is trying to cut it's costs of putting the GP on to keep it viable since the Brazilian government prefers a move to Rio and has said money is available to make that happen.

This challenge in the courts might make an Interlagos race impossible.  :(

Read the paras below, from another F1 site, to see why the city council has gone with the foreign promoter over the previous 'Bernie mates rates' promoter. It's $3m saving.

While the financial conditions agreed by the São Paulo mayor and the FOM remain confidential – but it's widely believe the city will pay considerably less than the 35 million dollars per year that had been agreed with Rio Motorsports – it has now transpired the promoter of the race will be the Abu Dhabi-based Mubadala Group and this state owned company will charge around three million dollars per year to take care of all organizational aspects of the Grand Prix.

One of the conditions imposed by the FOM to keep the Grand Prix in Interlagos was cutting the links with Bernie Ecclestone's long-time ally Tamas Rohony, who was still acting as promotor for the race until late last year. The Hungarian-born entrepreneur was handed close to six million dollars per year to put together the structure necessary for the Grand Prix and would then return to the municipality whatever money was left – normally less than five per cent of the total amount.

Without revealing how much the Grand Prix will cost to its coffers, the São Paulo municipality has insisted that with this new deal will save three million dollars per year, as that's the difference between what Rohony was charging and what the Abu Dhabi-backed company will take.


 
 
Racing is life - everything else is just waiting. (Steve McQueen)

 


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