Brazil Will Pay $20 Million to Indy Racing League

Brazil Will Pay $20 Million to Indy Racing League

Brazil Will Pay $20 Million to Indy Racing League


Gradually, Ribeirao Preto, in Sao Paulo, begins to make its project to stage a leg of the Indy Racing League from 2010. After several meetings between representatives of the city and organizers of the class, some topics have already been settled, as the realization of the possible evidence in a circuit of street, beyond the amount to be paid to Indy Racing League (IRL): U.S. $ 20 million (or almost U.S. $ 40 million).

Besides being an option of the organizers, the street circuit also prevents Ribeirao Preto modernize an autodrome and after the completion of stage, the place is little used and generates losses. Some points have been studied, but the city still keeps in secret the exact location to be used.

“We already have an outline, but has not disclosed because of technical issues. We also want to keep secrecy this time to avoid speculation as it is an event that involves millions,” said Humberto Pereira Lima, Secretary of Tourism of Ribeirao Preto. Velocidade

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APEX-Brasil joined the series this year as the sole provider of the ethanol fuel used in open-wheel cars and has been running spot ads throughout IndyCar telecasts all season.

The sport also is popular in Brazil, which has produced a large contingent of successful and popular IndyCar drivers. Three-time Indianapolis 500 winner Helio Castroneves and 2004 points champion Tony Kanaan both call Brazil home. Former Indy pole-winner Bruno Junqueira, who has not driven in an IndyCar race this season, and Vitor Meira, who hasn’t driven since injuring his back at Indy, also are from Brazil along with series regulars Raphael Matos and Mario Moraes.

Two other familiar names on the circuit, E.J. Viso and Milka Duno, are from Venezuela.

Plus, it gives Castroneves, one of the highest-profile IndyCar drivers, a chance to run on a street course in his hometown. Yahoo Sports

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