Formula 1®, the pinnacle of motorsport, is delighted to announce that the Grand Prix of Azerbaijan has renewed its successful association with the FIA Formula 1 World Championshipä until the end of 2023, following an agreement reached with Baku City Circuit.
The agreement was signed today in Baku by the Azerbaijan Minister of Sport and Youth, Azad Rahimov and the Chairman and CEO of Formula 1, Chase Carey, during the 2019 Conference on Benefits of Hosting Major Sports Events, organised by Baku City Circuit.
The renewal agreement was signed well before the planned expiry date and means that the Azerbaijan Grand Prix will remain on the calendar at least until 2023. This renewal is the first to be signed in 2019 and follows on from those for the Belgian, Chinese, German, Japanese and Singapore races, signed over the previous two years. Added to these is the Grand Prix of Vietnam, which will make its debut on the calendar in 2020.
The city of Baku, capital of the Republic of Azerbaijan, has hosted a Grand Prix in the FIA Formula 1 World Championship since 2016. The street circuit runs in part along the shoreline in the city’s historic centre, classified as a World Heritage Site by UNESCO. It soon grabbed the attention of fans, as one of the most spectacular tracks, which has produced races that have been exciting from start to finish, with plenty of overtaking and action. No surprise therefore that the Azerbaijan Grand Prix was chosen, in 2017 and 2018, as the best race of the season in the annual survey run by the F1 Fan Voice community.
Chase Carey, Chairman and CEO, Formula 1®, said:
“We are very pleased to have renewed this agreement which will see the Azerbaijan Grand Prix feature on the FIA Formula 1 World Championship calendar for many years to come. In just a short space of time, this race has become one of the most popular of the season, always producing closely fought and spectacular racing. The Republic of Azerbaijan provides a really excellent welcome to everyone in Formula 1 and the beautiful city of Baku is an amazing backdrop for the greatest motor racing show in the world. All fans of our sport should make a note in the diary for the 28th April, the date of the FORMULA 1 AZERBAIJAN GRAND PRIX 2019.”
Azad Rahimov, Minister of Sport and Youth of the Republic of Azerbaijan, said:
“This is a truly proud day for all of us. The last few years have been a dream come true for the people of Baku as we have seen our race weekend grow from a simple idea into one of the most dramatic and exciting race weekends in F1’s history. Already, we have played host to some of the sport’s most iconic moments. Furthermore, every year we have seen more and more fans from all over the world attend the race and have been overwhelmed at how well our event has been embraced by the global Formula 1 community. I would also like to extend my special gratitude to Mr. Carey and everyone at Formula 1 for proving themselves to be such great friends to our race. This new agreement will allow our race to maximise its commercial revenues through increased fan-engagement activities and a brand new sponsorship approach to engage our local and regional businesses with Formula 1’s global platform. With these exciting opportunities in mind, extending our contract was never in question and we are delighted to stay in this wonderful sport for another five years at least.”
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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 2019 FIA Formula One World Championship™ runs from March to December and spans 21 races in 21 countries across four continents. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™.
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