Complex sentence: Velociudad is a venture of businessman Eddie Freedman, who set out to create the first Grade 1 FIA circuit in Argentina, which would be entitled to receive the best international categories.
Split into simpler sentences: Velociudad is a venture of businessman Eddie Freedman, who set out to create the first Grade 1 FIA circuit in Argentina. In this way, would be entitled to receive the best international categories.