New Sao Paulo mayor Joao Doria has invited Bernie Ecclestone to purchase the Autódromo José Carlos Pace, otherwise known as Interlagos.
The Brazilian Grand Prix is again under threat and reports emerged over the weekend that F1
Now Doria has spoken to the EFE news agency, confirming that Ecclestone could buy the venue.
"We will have a meeting with the organisers of formula one in Brazil next week. They obviously know our position," he said.
"I invite Bernie Ecclestone and all those who are international formula one promoters to form a consortium and participate in the privatisation programme at Interlagos," the Sao Paulo mayor added.
Doria envisions a major overhaul for Interlagos, saying: "It will be the same as that in Abu Dhabi, one of the most modern race tracks in the world."