F1 has inked one-year extension to its exsisting contract with Spa-Francorchamps to remain hosts of the Belgium GP.
Having had a deal secured until the 2024 F1 season, there is a fresh contract signed between Formula 1 and Spa-Francorchamps for the circuit to remain as hosts of Belgium GP until the 2025 season – which is a one-year extension.
The circuit has undergone significant changes in recent times to match the current levels of infrastructure. The grand prix attendance has remain solid despite the weather situation around the F1 race weekend with high percentage of Dutch supporters rallying in.
Spa-Francorchamps remains one of the key circuits of heritage on the current F1 calendar which is filled with emerging markets. “Spa is synonymous with Formula 1 having been one of the circuits in our first ever season and is much-loved by fans and drivers alike, so I am delighted to extend our relationship with them until 2025,” said Stefano Domenicali.
“The promoter has taken big strides in the last few years to improve the fan experience and infrastructure, and work is ongoing between all the stakeholders with a clear focus on delivering safe and exciting racing. I would like to thank the promoter and the Government of Wallonia for their continued support.”
At the same time, Willy Borsus, Vice-President and Minister for the Economy of Wallonia added: “We are proud and excited to announce that the Formula 1 Grand Prix will take place in Wallonia in 2025. Our region will once again rise to the top of the international scene, thanks to its high-quality events and legendary sports infrastructure. Beyond the prestige, I would like to emphasize the considerable economic impact that this event brings to Wallonia and Belgium.
“According to a study carried out in 2021, the Grand Prix generates positive spin-offs of €41.8 million for our region, after deduction of public funding, which is steadily decreasing. These figures constitute a solid indication of the financial impact, and the positive outlook means that we can expect even more positive results this year. The Formula 1 Grand Prix thus embodies both an emblematic moment in motor sport and a powerful engine of economic growth for our Region.”
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