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South Africa’s to Raise $50 Million for Formula 1 Grade Prix Bid - Bloomberg
TLDR:
- South Africa is preparing a $50 million bid to host a Formula 1 race in 2027, with Cape Town and Johannesburg as potential locations.
- Minister of Sports Clayton McKenzie is determined to bring F1 back to South Africa, saying it will happen "by fire or by force."
- Talks with sponsors Heineken and Red Bull are already underway.
- They are hoping to take the vacant calendar spot left by the Netherlands.
- McKenzie has invited President Cyril Ramaphosa to the Chinese Grand Prix to help secure additional funding for South Africa's bid.
- Circuits will submit for selection by mid-March and the bid will be formalized in May.
#cars
TLDR:
- South Africa is preparing a $50 million bid to host a Formula 1 race in 2027, with Cape Town and Johannesburg as potential locations.
- Minister of Sports Clayton McKenzie is determined to bring F1 back to South Africa, saying it will happen "by fire or by force."
- Talks with sponsors Heineken and Red Bull are already underway.
- They are hoping to take the vacant calendar spot left by the Netherlands.
- McKenzie has invited President Cyril Ramaphosa to the Chinese Grand Prix to help secure additional funding for South Africa's bid.
- Circuits will submit for selection by mid-March and the bid will be formalized in May.
#cars
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