Formula 1 extends Chinese GP deal by three years, new date confirmed for 2018
Formula 1 has announced a new deal with the promoters of the Chinese Grand Prix, which will see the race stay on the calendar for further three seasons.
The Shanghai International Circuit hosted the race for the first time in 2004. The original deal was set for seven years until 2011, before an extension was signed for further five seasons.
A fresh new contract, the first involving new F1 owners Liberty Media with the Shanghai Juss Sports Development (Group) Co. Ltd and the Shanghai International Circuit Management and Development Co. Ltd, will see the race in China until the 2020 season.
Chairman and CEO of F1, Chase Carey said: “We are very pleased to have reached an agreement which will see the Formula 1 Chinese Grand Prix continue as a fixture of the Formula 1 World Championship for at least a further three years.
"This great country has already demonstrated an overwhelming show of interest in our sport and we firmly believe there is still a great deal of unexplored potential here. That’s why this renewed agreement is so important as part of our development strategy, especially in this part of the world.
"We and our partners in this venture want to make this Formula 1 Chinese Grand Prix even more spectacular, while bringing Chinese fans ever closer to the sport. Finally, we wish to thank the Shanghai Municipal Government for the support it has given and continues to give to the Grand Prix, which has been a crucial element of its success.”
Chairman of Shanghai Juss Sports Development (Group) Co. Ltd, Jiang Lan added: “The Formula 1 Chinese Grand Prix is one of the most prestigious and recognised events on the Formula One World Championship calendar.
“Since its Shanghai debut in 2004, the Formula 1 Chinese F1 Grand Prix has become a motorsport show piece for China but also a fixture for all of Asia Pacific’s and global motorsports fans.
"It is the most highly anticipated annual event in the city of Shanghai. As the promoter of the Formula 1 Chinese Grand Prix, Shanghai Juss Sports Development (Group) is delighted to announce an agreement to host the Formula 1 Chinese Grand Prix for three more years.
"Shanghai Juss Sports will continue to apply all efforts and resources to promote and grow the Formula 1 popularity in the future. The group is pleased to renew the Formula 1 host and promoter commitment, as it provides us an opportunity to stage the world’s ‘Top In Class’ international sports events and showcase the city of Shanghai as a truly global city.”
A change in the 2018 date was also confirmed as reported by F1 journalist Joe Saward, which will see China and Bahrain swap places on the calendar. The back-to-back races will see the Bahrain Grand Prix run during the April 6-8 weekend, while the Chinese GP will take place during the April 13-15 weekend.
The date change is, however, subjected to the approval of the FIA World Motor Sport Council.