Breaking News

BREAKING NEWS: Mexican GP contract extension agreed

BREAKING NEWS: Mexican GP contract extension agreed

07-08-2019 15:14 Last update: 15:32
2

Bevan Youl

The future of Formula 1 in Mexico is set to be secured on Thursday after Claudia Sheinbaum, the Mayor of Mexico City, announced that a new contract will be signed.

F1 returned to Mexico in 2015 and became one of the most vibrant races on the calendar, but it’s contract, along with the Spanish, British, German and Italian were set to end this year.
 
Withdrawal of public funding left the future of the race in doubt despite attracting a vast number of fans over the years.
 
Sheinbaum, confirmed the news in a video on Twitter, saying: "I want to share some good news that I just received.

"Formula 1 is staying in Mexico City. The FIA president is going to be here tomorrow to sign it. This is good news for the city.

"I also want to tell you that this is thanks to a group of businessmen who made this possible because this time the city is not using any public funds.

"It's good news for the city. It brings tourism, it brings income, and it's also good for the country."

Now the British and Mexican GP’s have agreed new deals and the Spanish and Italian looks to be renewed as well, it leaves the German GP as the race most likely to be dropped.