The Azerbaijan Grand Prix in Baku will remain on the F1 calendar until at least 2023, after the circuit announced a new deal signed off on Monday.
The Baku City Circuit in Azerbaijan will be raced at every year until at least 2023 after officials signed an extension to their existing contract which expired in 2020.
Chase Carey, CEO & Executive Chairman of F1, went to Baku to meet with Azerbaijan GP promoters and signed the paperwork with Azad Rahimov who is the Minister of Youth & Sports for the country.
Baku has been on the F1 calender since 2016, when it was the venue for the European Grand Prix. The title was then changed to the Azerbaijan Grand Prix for 2017. It has proven to be one of the more popular new venues for racing, thanks to the idiosyncratic circuit producing unpredictable races and the longest flat-out section currently on the calendar.
Speaking afterwards, Mr. Rahimov celebrated the extension of the Azerbaijan Grand Prix’s contract with F1: “This is a truly proud day for all of us. The last few years have been a dream come true for the people of Baku as we have seen our race weekend grow from a simple idea into one of the most dramatic and exciting race weekends in F1’s history. Already, we have played host to some of the sport’s most iconic moments.”
The weekend attendance at the 2018 race weekend was some 94 thousand – a 31% increase on 2017’s 71.5 thousand:
“Furthermore, 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. I would also like to extend my special gratitude to Mr. Carey and everyone at Formula 1 for proving themselves to be such great friends to our race. 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. With these exciting opportunities in mind, extending our contract was never in question and we are delighted to stay in this wonderful sport for another 5 years at least.”
F1’s Chase Carey, also commented: “We are very pleased to have renewed this agreement which will see the Azerbaijan Grand Prix feature on the 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.”