F1 extends US GP contract until 2034
The Circuit of the Americas will continue to be the headquarters of the American GP, after a new agreement with the highest category of motorsports
AUSTIN, Texas, USA (AP) — The Formula 1 announced on Sunday an eight-year extension with the Circuit of the Americas to continue hosting the United States Grand Prix until 2034.
The downtown track Texas It has been a key point for the series in Eunited states since it opened in 2012. The race has become one of the most attended events on the calendar each year and its officials claimed that more than 400,000 fans attended in 2022 and 2023.
“We are glad that the Formula 1 have found a home in Texas and we are grateful to the fans, teams and the entire community of F1 who have constantly supported us and made the United States Grand Prix a favorite stop on the global calendar,” circuit president Bobby Epstein said in a statement.
The extension was announced just hours before Sunday’s race. According to track officials, this year’s race weekend included fans from all 50 states and 60 other countries.
He Circuit of the Americas It is the only track built specifically for the F1 in the country and hosted the only race of F1 in USA from 2012 to 2021. The series has now expanded to include races in Miami and Vegas, and recently extended the Miami Grand Prix until 2041.
He United States Grand Prix also has a unique agreement with the state of Texas which allows race officials to annually request tax revenue to help pay the race license fee F1 to organize the event. Since 2012, the state has paid out more than $300 million.
The directive of the F1 indicated that the race has generated an economic impact of approximately 7,000 million dollars for austin and Texas since it started.
Stefano Domenicali, president and CEO of the Formula 1highlighted the circuit’s role in “establishing the solid foundation that we now enjoy in USA”.
“As the Formula 1 continues to grow and prosper in USA“We are proud to extend our partnership with Bobby Epstein and his outstanding team in Austin, as well as Governor (Greg) Abbott, whose leadership has been instrumental in supporting the development of sports in Texas and beyond,” said Domenicalli.
The race contract was signed three days after the Formula 1 announced a five-year deal with Apple to be the series’ streaming partner in USA starting next season.
