Panama City and Liberty Media are apparently mulling the possibility of putting the South American city on F1's schedule in the future according to local newspaper Mi Dario.

Liberty ambitions to eventually boost the sport's calendar to 25 races, although such an increase likely won't materialize in the next few years.

Formula 1 commercial boss Sean Bratches often alludes to propositions from potential promoters that are submitted to the sport's commercial rights holder on a regular basis.

It appears however that Panama City has taken the first concrete steps towards putting itself on the F1 map, with local architects Mallol Arquitectos completing a feasibility study on bringing an F1 race to the country's capital.

A prospective layout of the city's circuit and virtual images have also been released - or perhaps leaked.

It is rumored that Panama City promoters will be closely following the affairs of the Mexican Grand Prix which holds a contract with F1 until 2022, and would be ready to pick up the slot for 2023.

Panama is a major offshore hub for the financial industry and the largest in Latin America. It focuses primarily on the banking, insurance and securities industries, whereas banking represents about 92% of the financial center's total assets.

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Alpine double-podium in Brazil could deliver $30 million windfall

Alpine’s remarkable double podium at the São Paulo Grand Prix with Esteban Ocon and Pierre…

53 mins ago

F1i's Driver Ratings for the 2024 São Paulo GP

Alexander Albon, Williams (Did Not Start): 5.5/10 Alex Albon is definitely going through something of…

2 hours ago

Jos Verstappen rips British media after Brazilian Max fest

Jos Verstappen wasted no time after his son spectacular win at the São Paulo Grand…

4 hours ago

Leclerc left with ‘mixed feelings’ after disappointing Sao Paulo GP

Charles Leclerc's weekend in Sao Paulo was unfortunately a stark contrast to Ferrari's recent triumphs…

5 hours ago

Back when Kimi knew exactly what he was doing

Twelve years ago on this day, Kimi Raikkonen took a popular win at the 2012…

7 hours ago

Mercedes fined for starting grid tyre pressure infringement

The Mercedes team was hit with a fine by the FIA after Sunday’s Sao Paulo…

8 hours ago