The Azerbaijani Grand Prix will remain on the F1 calendar until at least 2023, after the race signed a new contract with Formula 1 Management.Its original deal was for five years with an option for up to five more. Today’s announcement means the race will remain on the F1 schedule for another three seasons.
F1 CEO Chase Carey said the sport’s owners are “very pleased to have renewed this agreement which will see the Azerbaijan Grand Prix feature on the FIA Formula 1 World Championship calendar for many years to come.
“In just a short space of time, this race has become one of the most popular of the season, always producing closely fought and spectacular racing. The Republic of Azerbaijan provides a really excellent welcome to everyone in Formula 1 and the beautiful city of Baku is an amazing backdrop for the greatest motor racing show in the world.”
The Baku race was originally titled the European Grand Prix for its first season before adopting its current title.
Azerbaijan’s minister of sport and youth Azad Rahimov said the race is continuing to grow in popularity.
“Every year we have seen more and more fans from all over the world attend the race and have been overwhelmed at how well our event has been embraced by the global Formula 1 community,” he said.
“This new agreement will allow our race to maximise its commercial revenues through increased fan-engagement activities and a brand new sponsorship approach to engage our local and regional businesses with Formula 1’s global platform.”
Last year FOM extended the deals of the Belgian, Chinese, German, Japanese and Singapore races, and added the Vietnam Grand Prix to the 2020 F1 calendar.
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