Saturday, September 12, 2009

Where did the Brazil money go?

(posted by Boomerblaste 9-11-09)

The big money the gomers were being promised for going to brazil came from the promoters in the original location.

06/25/09
The rumor is that the promoters in Ribeirao Preto, a very wealthy city of 650,000 that’s also the home of three-time Indy 500 winner Helio Castroneves, are going to shell out the largest sanction fee ever – maybe as much as $6-7 million.

And, in addition to receiving free airfare, rooms and meals, the IndyCar teams will all collect a six figure paycheck – in the vicinity of $125,000-150,000 – to make this arduous journey more palatable.

“We’ve said all along that any foreign races must be lucrative for the league and for our teams and this model in Brazil includes both,” said Terry Angstadt, president of IndyCar’s commercial division.

“We’re very excited about getting this deal done.”

Talking Terry heads down to Brazil to sign the papers

07/17/09
Indy Racing League officials figure to take a big step forward this weekend in anchoring the 2010 schedule. Terry Angstadt, the president of the league's commercial division, will be in Brazil, hoping to sign a contract to stage a March street course race in Helio Castroneves' hometown, Ribeirao Preto. Angstadt will be joined on the trip by Tony Cotman, the IRL's vice president of competition, to review a circuit planned for Campinas, a city about an hour from Sao Paulo. Ribeirao Preto is two hours north of Sao Paulo. Also under consideration for one of what would be two Brazilian races to start the season is a street course race in Rio de Janeiro.

So they are talking about three locations: Ribeirao Preto two hours north of Sao Paulo, Campinas, a city about an hour from Sao Paulo, and a street course race in Rio de Janeiro.

Jump ahead a month and those three have mysteriously disappeared along with the mention of the megamillion payday.

08/25/09

Rumor has it, according to AutoWeek, that the city likely to land the opening Brazil IndyCar race in 2010 is Salvador, Brazil.

So instead of big bucks they are relegated to telling you what a great city Salvador is:
The city of Salvador is notable in Brazil for its cuisine, music and architecture, and its metropolitan area is the wealthiest in the northeastern region of the country.

Move ahead to the signing and all you have are some feel good notes and letters
August 30th 2009, 02:55 GMT

The IndyCar Series to set to finalise a deal this week to hold a street race in Salvador, Bahia, Brazil as its season opener in March 2010, according to the Indy Racing League's commercial boss Terry Angstadt.

Angstadt and Tony Cotman, the vice president of competition, will visit city and commercial leaders in Salvador this week in meetings Angstadt says should lead to a signatures on contracts.

"We've lots of good letters and communications back and forth," Angstadt said. "All the basic business fundamentals are out in the open. I don't think there are any issues there. We hope to get something signed while we're there."


Although the leeg has announced the Brazil race on its schedule, I'm having trouble finding a story saying the deal has been signed. Not a mention of it on the leeg website.

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