The short-term future of the Mexican Grand Prix has been secured after it was announced that the Autodromo Hermanos Rodriguez will continue to host the event until the end of the 2022.
Prior to today’s announcement, the future of the Mexican Grand Prix had been questioned, with the current deal set to expire at the end of this season, despite the race only returning to the calendar in 2015.
The government funding, which had been the driving force behind the event, had been cut ahead of this year’s race, prompting the organisers to bring in other financial backers.
The popularity of the event, along with the fan base behind Sergio Perez, have encouraged the Mexico City government – rather than the Federal Government – to fund the race, as confirmed by Claudia Sheinbaum Pardo, Mayor of Mexico City:
“The presence of Formula 1 in the city for further three more years, was achieved for the first time through a new financing model in which public resources are not used. Previously the Federal Government collaborated with the payment for the event. The Mexico City government will be an intermediary, creating a trust that will raise the private investment required to deliver this international event. The price of the tickets will remain the same as in previous years.”
Formula 1 Chairman and CEO Chase Carey added:
“We are pleased to have renewed our partnership with Mexico City, which will now host the Formula 1 Mexican Grand Prix until at least 2022.
“Ever since it returned to the championship calendar in 2015, this event has always proved to be amazingly popular with the public and fans, not just in Mexico, but also around the world. Proof of this is the fact that the race promoter has won the FIA award for the best event no fewer than four years in a row and, in those four years, over 1.3 million spectators have attended the Grand Prix.
“The Grand Prix has also been an important economic driver for the city, reinforcing its credentials as a centre for tourism. I would like to thank the Mayor, Claudia Sheinbaum Pardo and the entire government of Mexico City for all their efforts in ensuring that Formula 1 continues in Mexico and I look forward to seeing another big crowd of fans at the Autodromo Hermanos Rodriguez from 25 to 27 October for the Formula 1 Gran Premio de Mexico 2019.”
At the start of the season, five races were in the final year of their contracts; the British, Mexican, Spanish, German and Italian Grands Prix.
The races in Silverstone and Mexico City have now had their contracts extended, whilst the remaining three venues have uncertain futures.
The Monza circuit has ‘agreed’ a deal until 2024, but this is yet to be officially confirmed, and the Grands Prix at the Hockenheimring and the Circuit de Barcelona-Catalunya look set to fall off the calendar, with the latter being replaced by the returning Dutch Grand Prix.
Want the latest Formula 1, Formula E & IndyCar news sent directly to you? Subscribe here!