Formula 1®, the pinnacle of motorsport, is delighted to announce that the Belgian Grand Prix has renewed its long and successful association with the FIA Formula 1 World Championship until the end of 2021, following an agreement reached with Spa Grand Prix.
The Spa-Francorchamps circuit is one of the most history-laden, loved and legendary venues in Formula 1, as it hosted it’s first F1 race in 1950. As the sport continues to expand globally, heritage circuits such as Spa will continue to form a key component of Formula 1’s core values and memories, alongside newer destinations on the calendar.
Spa is the season’s longest circuit, an exhilarating mix of long straights and challenging fast corners with resonant and memorable names such as Eau Rouge, Raidillon and Blanchimont. It is much loved by drivers, who will often name it as their favourite circuit, and by fans, keen to admire their heroes’ skills in the picturesque and unforgiving circuit nestled deep in the Ardennes forest.
Pierre Yves-Jeholet, Walloon Minister for the Economy, said:
“This is a good deal which makes sure that such an important event stays in our region, thus placing us on a global visibility platform. The regional and national economic benefit is significant: in 2017 we had a return on investment of 315% and ticket sales increased by 7.5%. It is also a significant first for us as we have now concluded a successful and rewarding negotiation with Formula 1.“
Chloe Targett-Adams, Director of Promoters and Business Relations at Formula 1 said:
“We are really pleased to have reached this agreement which means that the Formula 1 Belgian Grand Prix will stay on the calendar for a further three years. Formula 1 was born in Europe and the future of this sport needs to maintain its solid roots, while expanding globally and Spa-Francorchamps is part of that fantastic history. We are particularly pleased that the new agreement is an improvement on the previous one, for Formula 1 and for our partner Spa Grand Prix so that fans attending this race will enjoy a truly unforgettable experience.”
Notes to editors:
Norman Howell, Director of Communications, Formula 1
M: +44 (0)7920 181 929
Formula 1 Press Office
Edelman Press Office
About Formula 1®
Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. The 2018 FIA Formula One World Championship™ runs from March to November and spans 21 races in 21 countries across five continents. Formula One World Championship Limited is part of Formula 1, and holds the exclusive commercial rights to the FIA Formula One World Championship™.
Formula1 is a subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Formula One Group tracking stock.
The F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing BV, a Formula 1 company: All rights reserved.
NOTE: if you no longer wish to receive these emails, please write to firstname.lastname@example.org
Signup below to receive email alerts as Formula 1 News is posted to the Corporate Website. Click here to receive email alerts for Formula One Group / Liberty Media Corporation financial news
Signup to rereceive email alerts as Formula 1 News is posted to the Corporate Website. Click here to receive email alerts for Formula One Group/Liberty Media Corporation financial news.