British Grand Prix’s F1 future secure until 2034

British Grand Prix’s F1 future secure until 2034



Silverstone will continue to host the oldest race on F1’s calendar

The British Grand Prix will remain on the Formula 1 calendar until at least 2034 after Silverstone secured a 10-year extension to its current deal.

The new deal secures the long-term future of the event at the 3.6-mile Northamptonshire circuit, which hosted the first-ever round of the Formula 1 World Championship in 1950.

A record 480,000 fans attended the event across the weekend last year. Silverstone’s current deal was due to expire at the end of this season, making it the last remaining race on the schedule yet to secure a long-term deal.

While the British Grand Prix is a cornerstone of the calendar, F1 bosses had introduced a series of new races on street circuits in recent years, including Miami and Las Vegas. Meanwhile, the Spanish Grand Prix will switch from Barcelona to a new street circuit around a convention centre on the outskirts of Madrid.

Peter Digby, the chair of the British Racing Drivers’ Club that owns Silverstone, said that the contract extension “will provide a solid base for the further development of the venue as we continue to improve and transform the circuit into a year-round international motorsport and leisure destination.”

F1 boss Stefano Domenicali added that he was “delighted” with the deal, calling Silverstone “an iconic venue at the heart of F1 history”.F1 chiefs have worked recently to secure long-term deals with many of its established events.

The Japanese Grand Prix recently secured an extension to run at Suzuka until 2029, with the Austrian, Canadian, Hungarian and Australian races all securing deals that run to 2030 or beyond. The races in Saudi Arabia, Qatar and Bahrain all have similar length deals.

The F1 calendar has expanded in recent years to accommodate the new races, and this year will feature a record 24 events.

This year’s British Grand Prix is set to take place on July 7.

Full Article