F1 extends Chinese GP contract until 2025 season
The race will remain on the calendar for three more years after 2022.
F1 has announced a contract extension for the Chinese GP which will stay on the calendar for three more seasons beyond 2022.
Even though F1 hasn't been able to race in China for two years and it is unlikely to feature for another season in 2022, the promoters have signed a fresh contract with Liberty Media to be on the calendar for three years beyond the 2022 season.
As per the new deal, Chinese GP will be on calendar will stay on the calendar for until the 2025 season. The contract was possible due to the efforts of Federation of Automobile and Motorcycle Sports of People’s Republic of China (CAMF), the Shanghai Administration of Sports and the Chinese Grand Prix Promoter, Juss Sports Group.
"This is great news for all of our fans in China and we are delighted to announce this agreement that will see us racing in Shanghai until 2025," said Stefano Domenicali. "Our partnership with the promoter Juss Sports is incredibly strong and we look forward to continuing our long term partnership.
"While we are all disappointed we could not include China on the 2022 calendar due to ongoing pandemic conditions, China will be restored to the calendar as soon as conditions allow and we look forward to being back with the fans as soon as we can."
With more races in this period to 2020, there is positive growth in the finances.
[Image courtesy: Red Bull Content Pool] [Note: The story was written on FormulaRapida.net]