F1 and Rio Motorsports reach provisional agreement over city race

Formula 1 has agreed a deal with Brazil-based motor sports investment business Rio Motorsports to stage events in the city of Rio de Janeiro.

In a letter to Cláudio Castro, the acting Governor of Rio de Janeiro, F1 chief executive Chase Carey confirmed that the series had “finalised race agreements” with Rio Motorsports to “host, stage and promote” events in the city.