F1 chairman: Five expiring race contracts not a problem

Formula 1 chairman Chase Carey is not fazed by the fact that five race deals will expire this year, and believes it's a challenge the sport will face every year.

Mexico is the most recent to be added to the list of races that see their contract run out in 2019, with the race organisers missing the deadline to keep its preferred date on the F1 calendar.

European races such as the British, German, Spanish and Italian grands prix are all under threat of missing out on a spot in the Formula 1 race list.

However, Carey does not seem too bothered about this and revealed that owners Liberty Media have had to deal with this in every year they have been involved in the sport.

"We have contracts where 2019 is the last year and we have to either create a new agreement or go our separate ways," Carey told Investors. "There's nothing really unique to this that wasn't true last year.

"We had a number of renewals last year, just as we had a number of renewals the year before. There are different issues to each one. That's the process we're engaged in now, with renewals for 2020 - we'll always have three or four negotiations we'll have to go through (each year)."