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Formula 1 confirms new Belgian GP deal

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Formula 1 confirms new Belgian GP deal
By:
Jun 20, 2018, 12:11 PM

Formula 1 has confirmed it has sealed a new three-year deal with the Belgian Grand Prix to keep the Spa circuit event on the calendar at least until 2021.

Jolyon Palmer, Renault Sport F1 Team RS17, Lance Stroll, Williams FW40, Romain Grosjean, Haas F1 Team VF-17, chase the leading pack at the start
Valtteri Bottas, Mercedes AMG F1 W08, Kimi Raikkonen, Ferrari SF70H, Max Verstappen, Red Bull Racing RB13, Daniel Ricciardo, Red Bull Racing RB13, at the start
Lewis Hamilton, Mercedes-Benz F1 W08 leads at the start of the race
Lewis Hamilton, Mercedes-Benz F1 W08 leads at the start of the race

The current deal for the Belgian track - which hosted its first F1 race in 1950 - was set to expire after this year's race.

"We are really pleased to have reached this agreement which means that the Formula 1 Belgian Grand Prix will stay on the calendar for a further three years," said Chloe Targett-Adams', F1's director of promoters and business relations.

"Formula 1 was born in Europe and the future of this sport needs to maintain its solid roots, while expanding globally and Spa- Francorchamps is part of that fantastic history.

"We are particularly pleased that the new agreement is an improvement on the previous one, for Formula 1 and for our partner Spa Grand Prix so that fans attending this race will enjoy a truly unforgettable experience."

Pierre Yves-Jeholet, minister for economy of the regional Wallonian government, added: "This is a good deal which makes sure that such an important event stays in our region, thus placing us on a global visibility platform.

"The regional and national economic benefit is significant: in 2017 we had a return on investment of 315% and ticket sales increased by 7.5%. It is also a significant first for us as we have now concluded a successful and rewarding negotiation with Formula 1."

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About this article

Series Formula 1
Event Belgian GP
Location Spa-Francorchamps
Author Pablo Elizalde