F1 subsidy cuts could see Mexico GP scrapped after 2019

Mexican government says it does not have the resources to offer subsidies.

F1 subsidy cuts could see Mexico GP scrapped after 2019

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Formula One could be making one of its last stops in Mexico after the government confirmed it will no longer offer economic support for the events after 2019.

The government has slashed the funds that cover most of the hosting fee paid to global motorsport series and the contract with the Autódromo Hermanos Rodríguez in Mexico City is up at the end of the 2019 season.

Miguel Torruco, head of Mexico’s ministry of tourism, said: “It does not depend at this time on our decision there are no resources for next year for this American football game.

“It would be positive if [the game] stayed, but it is a reality that we do not have the budget for next year.”

Formula One chief executive Chase Carey has also made it clear that with the Netherlands and Vietnam being added to next year’s calendar, taking the total number of races to 21, it means two events will be axed.

The lack of state support means private investment and sponsorship will need to be secured to retain the Mexican Grand prix, which is not yet forthcoming.