The president of Blue Capital, parent company of sports and music event promoter Fenix Entertainment, has said that he is in talks to stage a Formula One Grand Prix in Buenos Aires, Argentina, in 2019.
Arturo Rubinstein told UK newspaper The Independent that he is holding negotiations with Formula One’s owner, Liberty Media, and that his plans are supported by the Argentinian government.
The Argentinian Grand Prix would be held in the southern part of Buenos Aires at Autódromo Juan y Oscar Gálvez, a circuit that hosted its last Formula One race in 1998 and has staged 20 events in total since 1953.
Rubinstein said the city’s government has agreed to contribute US$30 million towards redevelopment work at the Autódromo to ensure it meets the standard required by the International Automobile Federation (FIA).
The track is currently used for domestic motorsport, including the TC2000 touring car championship and junior series Formula Four.
“The works to repair and improve the circuit will start as soon as we sign the agreement to hold the race in Buenos Aires for a five-year term,” said Rubinstein. “In an expert’s opinion, the works may be finalised six months after they start.
“In early 2014 we had our first meeting in London with Bernie Ecclestone [former chief executive of Formula One],” he continued. “The political and economic situation in Argentina did not help to make it happen during the following years but now it’s the right time.
“Our preference is to have the race held in 2019, at the beginning of the calendar, back to back with Australia. It is worth noting that there are transpolar flights. Also, historically, the Formula One races in Argentina were held at the beginning of the calendar. Another alternative is to have it in November, before or after Brazil.
“We have been discussing the project with both the national and the city of Buenos Aires governments. The current president of Argentina, Mauricio Macri, has a sport background, having been president of Boca Juniors [an Argentinian top-tier soccer side] for ten years during the most successful period in its history. It should be borne in mind that he is the former Buenos Aires city mayor and, as such, we have actually been talking with him about this project since the start in late 2013.”