Tuesday, October 6, 2009

Rio Mayor: IndyCar event costs too Much

If the IndyCar Series races in Brazil in 2010, then it will not be in Rio de Janeiro. The mayor of the host city of the 2016 Olympic Games made that clear in an interview. The link (in Portuguese) is here.

...the mayor of Rio de Janeiro, Eduardo Paes, said that the city will not
compete to be the Brazilian home of the IndyCar Series.
IRL Commercial Division President Terry Angstadt has spent a significant portion of the past month in Brazil. He is attempting to land a season opening race for 2010 and, more importantly, financing that might sustain the series and its teams.

I think that we can anticipate the likely excuses that we should expect in the event that Angstadt fails to deliver either the money or the race in Brazil.

  1. The 2016 Olympics foiled everything.

  2. There was just not enough time to find a suitable racing venue.

  3. The global economic recovery did not begin soon enough.


The more likely reasons for Angstadt's South American struggles are almost certainly very similar to the primary obstacle that is preventing IndyCar from competing in the North American marketplace.

The product costs much more than it is worth.

The following is a paraphrased version of a direct translation from Freetranslation.com.



"We saw the costs and decided to step away from IndyCar. It is a very
costly event." - Eduardo Paes, Mayor of Rio de Janeiro

It is possible that Angstadt already has a deal in place at another Brazilian location. Perhaps we shall learn more from Homestead-Miami this week.
For What it's Worth
Earlier, I described a APEX Brasil ticket giveaway at Sedano's Supermarkets for the Homestead-Miami race. For those who are interested, a new press release and photograph of the event is here.

Roggespierre

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