22.5 C
Brunei
Tuesday, November 29, 2022
22.5 C
Brunei
Tuesday, November 29, 2022
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    F1 signs three-year extension with Mexico City Grand Prix

    AP – Formula One (F1) on Thursday announced a three-year extension to continue the Mexico City Grand Prix at the Autodromo Hermanos Rodriguez through 2025.

    The deal announced ahead of tomrrow’s race is an agreement between F1, the government of Mexico City and the event promoters. The new contract begins with the 2023 race on October 29.

    F1 returned to Mexico in 2015 and expects 350,000 this weekend over three days. “I am very pleased to announce that F1 will continue to race in Mexico City for another three years under this new agreement,” said F1 President and CEO Stefano Domenicali.

    Event organisers said the 2021 race created 9,236 jobs and generated an economic boost of USD768 million and almost USD500 million in global media exposure.

    “The Mexico City Grand Prix contract extension has been made possible thanks to the leadership of Claudia Sheinbaum and the Mexico City government,” said president and CEO of Corporacion Interamericana de Entretenimiento Alejandro Soberon.

    “The ability to host the race in the nation’s capital until 2025 is the result of a coordinated effort to preserve an event that brings benefits to the city and excitement to thousands of fans.”

    Red Bull’s driver Sergio Perez greets his fans after an exhibition in Mexico. PHOTO: AFP
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