Rothschild Aiding Bid to Take Formula 1 to South Africa
The consortium is seeking corporate backing and a sponsorship model for a privately funded R6.7 billion project with a 125,000-seat venue.
- Rothschild & Co. is advising a South African consortium on a R6.7 billion proposal to bring Formula One back to the country.
- The Blue Mountain Racing Grand Prix project would be built near Cape Town and include a Formula One-compliant circuit, hospitality facilities, offices, exhibitions, housing, and space for about 125,000 spectators.
- The consortium’s proposal is under evaluation, with the process expected to take 12 to 15 months.
- The project faces competition from a separate effort to upgrade Johannesburg’s Kyalami circuit.
11 Articles
11 Articles
Mining veterans bring in Rothschild’s 215-year-old banking powerhouse for a $410 million project to bring F1 back to Africa
More than three decades after Formula 1 last raced in Africa, a South African consortium led by former Sibanye-Stillwater CEO Neal Froneman is working with Rothschild & Co on a new bid to bring the sport back to the continent.
Rothschild aiding bid to take Formula 1 to South Africa
Investment bank Rothschild is working with a consortium on a £300m bid to see Formula 1 return to South Africa for the first time since 1993. Appetite has grown for the world’s leading motorsport series to return to the African continent, with this Cape Town bid following proposals from Johannesburg and Rwanda. The consortium is [...]
Formula 1 could be heading to the Western Cape under ambitious 2031 plan
A Formula 1 race in South Africa could be one step closer to becoming a reality, with plans now formally on the table for a major new circuit in the Swartland, Cape {town} Etc reports. Blue Mountain Racing (BMR) has confirmed its intention to develop a world-class Formula 1 Grand Prix in the region, with the ambitious project targeting 2031... Read more →
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