Formula 1 gave a coup of authority in the market at the beginning of the 2022 season when it reached all the necessary agreements and permits to celebrate a grand prix on the streets of Las Vegas and put the fastest cars on the planet through the main places. from the city.
A complete declaration of intent from Libery Dice , a new entity created by the owners of the category, Liberty Media , who have signed a five-year contract to compete in the race on a track that includes the world famous “Strip” .
The 17-page letter was posted on social media, and its veracity has been corroborated by Adam Stern in Sports Business Journal, with the Las Vegas Convention and Visitors Authority, the government agency that markets events in the city.
Said statement was delivered on March 28 , two days before the race was officially announced, and when no original date for the grand prix beyond “November 2023” had yet been agreed, with content subject to change.
That opens the door for it to be the penultimate round of the season, with Formula 1 thinking of Abu Dhabi as the closing weekend of the year, as has been customary in recent years.
The charter commits to maintaining that same time slot for the five-year duration, with a night schedule that will be planned later, but no later than 01:30 a.m. local time on each day of activity.
The document also establishes the commercial conditions of the event, as well as the bases for the construction and maintenance of the temporary urban circuit, which includes 900 marshals, 1,200 fire extinguishers, 15 cranes and 18 ambulances.
However, there is no indication of what the pit and race control facility will look like, which Liberty Media CEO Greg Maffei revealed in May would be on land near downtown Las Vegas after their purchase. for 240 million dollars [235 million euros at current exchange rates].
“Notably and unlike most venues, Formula 1 and Liberty Media are self-promoting the race in partnership with local stakeholders and Live Nation,” said the company insider who runs the category.
“The construction of that runway will require increased capital and operating expenses for its development,” he continued. “I would like to point out that Liberty Media has reached an agreement to acquire 39 acres (nearly 16 hectares) to the east to fix the layout of the circuit and create space for the pits and paddock, among other support venues for the event.”
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