“Start your engines”, F1 returns to Mexico with 2 Billion USD Economic Spill

theyucatantimes.com

Hosting the Formula One Grand Prix in Mexico City will generate an economic impact of $2 billion USD over a five-year period, Mexico tourism officials say.

The race returns to the Hermanos Rodríguez circuit this year for the first time since 1992. British pilot Nigel Mansell won Mexico’s last F1 race back in that year, while on his way to winning the World Drivers’ Championship, but the sport has not returned to our country ever since.

Mexico City will host a round of the 2015 FIA Formula One World Championship. After a 23-year absence, organizers have agreed a five-year deal starting in the 2015 season. (Pictured: 1992 Grand Prix of Mexico)

The race will create over 18,000 jobs and directly contribute to 60 percent occupancy of the city’s hotel room stock. (Photo: Google)

Undersecretary of quality and regulation at the ministry of tourism, Francisco Mass Pena, said the race will create 18,000 jobs and will directly contribute 60% occupancy of the city’s hotel room stock.

“Over the three-day event, some 520 million television viewers will watch the race and see Mexico in the process,” he said.

The head of Mexico racing team Telmex, Carlos Slim Domit, said 250,000 spectators are expected over race weekend with at least 100,000 watching the race itself on November 1.

It will also be the first race on home soil for highly rated Mexican driver Sergio Perez who gained a top-10 finish in last season’s standings.

Source: http://www.travelmole.com/

Formula 1 Will Bring Mexico City $2 Billion Windfall

TravelMole.com
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January 29, 2015

The Formula One Grand Prix returns to Mexico City this year for the first time since 1992. The race will create over 18,000 jobs and directly contribute to 60 percent occupancy of the city's hotel room stock.

Mexico City, Mexico - Hosting the Formula One Grand Prix in Mexico City will generate an economic impact of $2 billion over a five-year period Mexico tourism officials say.

The race returns to the Hermanos Rodríguez circuit this year for the first time since 1992.
Undersecretary of quality and regulation at the ministry of tourism, Francisco Mass Pena, said the race will create 18,000 jobs and will directly contribute to 60 percent occupancy of the city's hotel room stock.

"Over the three-day event, some 520 million television viewers will watch the race and see Mexico in the process," he said.

The head of Mexico racing team Telmex, Carlos Slim Helu, said 250,000 spectators are expected over race weekend with at least 100,000 watching the race itself on Nov. 1st.

It will also be the first race on home soil for highly rated Mexican driver Sergio Perez who gained a top-10 finish in last season's standings.

Original Story

First it was Formula 1; are baseball, football and hockey next?

These guys might have to brush up on their Spanish.

Mexico News Daily | Sunday, August 10, 2014

Coming soon to a stadium in Mexico: Major League Baseball, the National Football League and the National Hockey League.

At the moment it’s speculation, but according to Mexico City’s director of sports, it’s gone well beyond the rumor stage.

The announcement that Formula 1 racing would return to Mexico next year has renewed interest in this market among the three North American sports leagues, says Horacio de la Vega.

The “red lights went on” for the NFL, “who are showing interest again in returning to our country with some games . . . .” he said. No conditions have been defined but negotiations are continuing to come up with a contract that satisfies both sides.

As for Major League Baseball, once the new Mexico City baseball stadium for the Diablos Rojos team is complete, an MLB game “will definitely be sought.” De la Vega believes it won’t be complicated because there are teams that have already expressed interest.

As for hockey, he said, the NHL coming to Mexico would be without precedent. “We continue to negotiate with them, and the truth is they have shown themselves to be very approachable about coming. They are very interested in the Latin market and they know that Mexico is a great platform.

“I calculate that by the end of this year we’ll have great news about this league.”

For any of these events to come to pass, Mexico City’s facilities would require refurbishing on a grand scale.

Source: Central Deportiva (sp)

Formula One World Championship is back in Mexico!

theyucatantimes.com

Mexico’s Major Entertainment Company signs 5-year contract to host Formula 1 competitions.

Mexican live events company CIE announced on Tuesday July 22nd it has signed a five-year contract to host Formula One races in Mexico starting in 2015.

CIE said in a filing with the Mexican stock exchange that the deal was still subject to final negotiations. It did not provide terms of the deal.

Races will be held at the Rodriguez Brothers race track in Mexico City, which last hosted a Formula One race in 1992. The 2.7-mile (4.4 km) track can seat 32,000 spectators, according to its website.

CIE signs 5-year contract to host Formula 1

The Mexican Formula One Grand Prix (Gran Premio de Mexico) has been held at the “Autódromo Hermanos Rodríguez” in Mexico City fourteen times. It first appeared as a non-championship event in 1962 before being held as a championship event from 1963 to 1970; and later on from 1986 to 1992.

(Reporting by Tomas Sarmiento; Editing by Peter Galloway)

Source: http://in.reuters.com/