F1 confirms 10-year contract extension for iconic Australian Grand Prix

The brand new contract additionally ensures that F1’s feeder sequence, F2 and F3, may have races scheduled on the Albert Park Circuit in Melbourne for the primary time

F1 confirms 10-year contract extension for iconic Australian Grand Prix

On this file photograph Kevin Magnussen leads a pack of automobiles through the 2022 System One Australian GP. Pic/ AFP

On Thursday, June sixteenth, System 1 introduced that that they had prolonged their contract with the Australian Grand Prix till 2035. 

The brand new contract additionally ensures that F1’s feeder sequence, F2 and F3, may have races scheduled on the Albert Park Circuit in Melbourne for the primary time. Organizers have additionally promised upgrades to the paddock and pit lane.

“The Australian Grand Prix has by no means been greater, with greater than 419,000 individuals flocking to Albert Park for this 12 months’s race,” stated Martin Pakula, minister for Tourism, Sport and Main Occasions for the Victorian Authorities.

Additionally Learn: Unstoppable Max Verstappen wins the F1 Azerbaijan Grand Prix

“We all know how vital this occasion is to our financial system and that is why we have delivered the longest extension for the race because it has been held in Melbourne.”

The Albert Park circuit has hosted F1 races since 1996. Nonetheless, as a result of affect of the pandemic, the 2020 and 2021 occasions in Melbourne needed to be cancelled. However upon the circuit’s return to the schedule this 12 months, it drew a file breaking crowd for any three-day sporting occasion in Australia.

“The race has at all times been a favourite for the followers, drivers and the groups and Melbourne is an unbelievable and vibrant worldwide metropolis that could be a excellent match for our sport,” F1 president Stefano Domenicali stated.

“This 12 months we noticed enormous crowds and passionate followers on the Grand Prix, and we’re very excited by the longer term in Australia as our sport continues to develop.”

In the meantime, following the Azerbaijan Grand Prix, F1 motion is ready to renew in Canada this weekend. Max Verstappen at present leads the championship with 150 factors. He might be seeking to put far between himself and the chasing pack so as to seal back-to-back titles as quickly as potential.

(With inputs from AP)

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