F1 Secures Major Contract Extension for Popular Grand Prix
Formula 1 has secured a significant contract extension, ensuring that Austin will host the United States Grand Prix until at least 2034. This decision cements the race’s position on the calendar, extending its previous agreement, which was set to expire at the end of the 2026 season.
United States Grand Prix: A Popular Event
Since its inception in 2012, the United States Grand Prix has quickly become a favorite among fans, drivers, and teams. The event, held at the purpose-built Circuit of the Americas, attracts hundreds of thousands of spectators each year. It has established itself as a highlight of the F1 schedule.
Contract Extension Details
The newly signed deal provides an eight-year extension to the race. This continuation follows similar agreements for other Grand Prix locations, including Bahrain and Australia. Notably, the Miami Grand Prix holds the longest contract, with a commitment in place until at least the 2041 season.
Statements from F1 Leadership
- Stefano Domenicali, F1 President and CEO, acknowledged the growing popularity of the event.
- Domenicali expressed gratitude to the City of Austin and Travis County for their support.
- He highlighted the integral role of Governor Abbott in the sport’s expansion in Texas.
Significance of the Extension
The contract extension allows Austin to surpass Watkins Glen as the longest-serving host venue for F1 in the United States. Bobby Epstein, Chairman of the Circuit of the Americas, emphasized the community’s vital role in this achievement.
- Epstein noted the strong support from fans and the F1 community.
- He acknowledged the welcoming nature of Central Texas as a host city.
Economic Impact
The United States Grand Prix is now considered one of the largest single-weekend sporting events globally. Its continued presence in Austin contributes significantly to the local and national economy, enhancing the region’s profile on the international sports stage.
