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Sao Paulo extends Formula 1 contract until at least 2020

Sao Paulo extends Formula 1 contract until at least 2020 14 April, 2014 Sao Paulo officials have signed a six-year extension to their contract to host Formula One’s Brazilian Grand Prix, while Rio de Janeiro has been dropped as a venue for the new Formula E motor-racing championship. Sao Paulo’s F1 race contract was due to expire following this year’s event on November 9, but the City of Sao Paulo has agreed terms with race promoters and the International Motorsport Federation (FIA) to keep the grand prix until at least 2020. Formula One chief executive Bernie Ecclestone had previously warned that the grand prix could be moved to Rio amid concerns over the standard of facilities at...
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