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...
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