FIA invests $ 240m for Las Vegas GP

Formula 1: FIA releases cash for holes and paddocks with বিনিয়োগ 240 million investment for Las Vegas Grand Prix: Liberty Media, owner of the FIA ​​and Formula 1, has invested 240 million in pits and paddocks for the upcoming Las Vegas Grand Prix next November. This will be the third race in the US F1 calendar after Miami and Austin. Follow Formula 1 live updates and Miami GP Live on InsideSport.IN.

Greg Maffei, CEO of Liberty Media, told Wall Street analysts before the debut of the Miami Grand Prix: “I would note that Liberty Media has entered into an agreement to acquire 39 acres of land prior to the strip to build capacity for circuit design and pit and paddock among other hospitality and race support venues.”

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Formula 1: FIA Spills Cash for Las Vegas Grand Prix, বিনিয়োগ 240 Million Investment for Pitts and Paddocks – Check Out

“I expect the transaction to close in the second quarter, and the purchase price was 240 million, which will be financed by cash in hand at the F1 group level,” he said. Maffei added.

City authorities have agreed that the roads can be used, yet most of the land adjacent to the track is owned by casinos and various companies. However, teams were told that the paddock would be about a mile from Pete Lane.

Formula 1: FIA Spills Cash for Las Vegas Grand Prix, বিনিয়োগ 240 Million Investment for Pitts and Paddocks – Check Out

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Meanwhile, Liberty Media CEO Greg Maffey revealed on Friday that F1 has now solved the problem by creating an area for Paddock after buying its own site in town. But the deal is expected to be formally completed next week.

Formula 1: FIA Spills Cash for Las Vegas Grand Prix, িট 240 Million Invested for Pitts and Paddocks - Check Out
Formula 1: Liberty Media CEO Greg Maffey.

This will probably allow F1 to build a highly durable pit structure. Meanwhile, Miami organizers have already completed it before the Miami Grand Prix.

Maffei similarly revealed that as co-promoters of the Las Vegas Race, Liberty and F1 would generate a significant interest in the initiative, expecting additional capital and work to prepare the occasion.

Formula 1: FIA Spills Cash for Las Vegas Grand Prix, বিনিয়োগ 240 Million Investment for Pitts and Paddocks – Check Out

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