Carey believes that there is room for more races per season

Formula 1 CEO Chase Carey believes that there is room for races in the Formula 1 season. Carey targets expansions in Asia and looks to explore new markets. 

Carey believes that there is a desire for more Formula 1 races each season and thinks that the number of countries wanting to host a Grand Prix will increase.  

“We had a number of renewals last year just like we have a number of renewals the year before,” he told a Liberty Media investor call last week as quoted by RaceFans. “There are different issues in each one.

“We’re not necessarily always going to be able to get there but to make sure we’re getting fair value it’s important that we have alternatives in places that provide not just attractive finances but attractive races. An example being in Vietnam, we think it’s going to be an exciting new place to go those objective growing in Asia. And it’s a win-win for both of us a so it really ticks all the boxes.

“We have races really all around the world that we’d like to add, races including not just new markets but some traditional markets like western Europe. So I think it is engaging with partners, seeing if we can get to a place that works for us and try to judge that against the opportunities we have in other markets. We are looking and we’ve talked about it I think there’s room to add a bit to the race calendar.”