The city has a history as host of major international sports events. The Ginásio do Maracanãzinho was the host arena for the official FIBA Basketball World Championship for its 1954 and 1963 editions. Later, the Jacarepaguá circuit in Rio de Janeiro was the site for the Formula One Brazilian Grand Prix from 1978 to 1989. Rio de Janeiro also hosted the MotoGP Brazilian Grand Prix from 1995 to 2004 and the Champ Car event from 1996 to 1999. &lt;a href="Association%20of%20Surfing%20Professionals"&gt;WCT/WQS&lt;/a&gt; surfing championships were contested on the beaches from 1985 to 2001. The Rio Champions Cup Tennis tournament is held in the spring. As part of its preparations to host the 2007 Pan American Games, Rio built a new stadium, Estádio Olímpico João Havelange, to hold 45,000 people. It was named after Brazilian ex-FIFA president João Havelange. The stadium is owned by the city of Rio de Janeiro, but it was rented to Botafogo de Futebol e Regatas for 20 years. Rio de Janeiro has also a multi-purpose arena, the HSBC Arena.