2016. 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. WCT/WQS 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. The Brazilian dance/sport/martial art capoeira is very popular. Other popular sports are basketball, beach football, beach volleyball, Beach American Football, footvolley, surfing, kite surfing, hang gliding, motor racing, Brazilian Jiu-Jitsu, Luta Livre, sailing, and competitive rowing. Another sport that is highly popular in beaches of Rio is called (), a type of beach tennis. Rio de Janeiro is also paradise for rock climbers, with hundreds of routes all over the city, ranging from easy boulders to highly technical big wall climbs, all inside the city. The most famous, Rio's granite mountain, the Sugar Loaf (), is an example, with routes from the easy third grade (American 5.4, French 3) to the extremely difficult ninth grade (5.13/8b), up to . Horse racing events are held Thursday nights and weekend afternoons at . An impressive place with excellent grass and dirt tracks, it runs the best horses in the nation. Hang gliding in Rio de Janeiro started in the mid-1970s and quickly proved to be well-suited for this town, because of its geography: steep mountains encounter the Atlantic Ocean, which provide excellent take-off locations and great landing zones on the beach. One of the most popular sea sports in the city is yachting. The main yacht clubs are in Botafogo area that extends halfway between Copacabana and the center of town. Though the most exclusive and interesting is probably the Rio