Portugal secures backing for 2023 Grand Prix

The confirmation of the re-entry of Portugal in the Formula One World Championship for 2023 should become official before the Christmas break, with the Portimão circuit being handed the April 16th slot that was originally reserved for the Chinese Grand Prix before the promoters from Shanghai were forced to cancel it, for the fourth straight year, as the Covid-19 pandemic continues to rage in the country. An unexpected reshuffle in Portugal had delayed the Lisbon-based government’s commitment of the necessary funds to secure the organization of the Grand Prix, but near the end of this week the new Secretary of State for Tourism, together with the Portimão mayor and the leader of the Tourism Board of Algarve got together and signed the loan guarantees that were required by Formula One to sign the deal with the race promoters.

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