December 18, 2020
“We are pleased to announce the city of São Paulo will continue to host the Brazilian Grand Prix until 2025 and look forward to working with our new promoter in the years ahead,” says Chase Carey, chairman and chief executive officer, Fomula 1. “Brazil is a very important market for Formula 1 with devoted fans and a long history in the sport. The race in Brazil has always been a highlight for our fans, the drivers and our partners and we look forward to providing Formula 1 fans with an exciting race at Interlagos in 2021 and over the next five years.”
There will be a new promoter for the Grand Prix, Brasil Motorsport, a company owned by investment entities controlled by Mubadala, a global investment company from
Mubadala has a strong history of investments in diversified industries, and has appointed Alan Adler, a senior executive with relevant experience in the Sports & Entertainment sector, to lead this new partnership with Formula 1.
“We are very excited to be able to work with Formula 1,” says Alan Adler, senior executive, Brasil Motorsport. “The F1 race has been held in Interlagos since the 1980s, and it is one of the most respected circuits on the calendar. Brazilians are motorsports and speed enthusiasts and Brazil has a long tradition of producing great drivers, which in turn has created a great legion of F1 fans in our country. I believe that due to our experience working with reputable global brands, we can do a great job at uniting sports, brands and entertainment. With this, we will be able to provide new experiences for the public, both on and off the tracks.”
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