Method 1 has introduced a contract extension for the US Grand Prix that can see the race stay at Circuit of The Americas till a minimum of the top of the 2034.
The observe in Austin, Texas has been the house of the race since 2012, offering F1 with a everlasting venue following a five-year interval with no USGP. The present contract had been on account of expire after the 2026 version, however a contract extension ensures COTA stay on the calendar for an additional eight years.
“Since 2012 the US Grand Prix has continued to develop in power and recognition, and I need to thank the Metropolis of Austin and Travis County for internet hosting us,” F1 CEO and president Stefano Domenicali stated.
“Annually, the occasion on the Circuit of The Americas stands out as a real spotlight for followers, drivers, and groups alike, drawing lots of of hundreds of passionate supporters who come to witness the thrilling on-track motion and absorb the colourful vitality of the circuit and the town.
“As Method 1 continues to develop and thrive in the US, we’re proud to increase our partnership with Bobby Epstein and his excellent workforce in Austin, in addition to with Governor [Greg] Abbott, whose management has been instrumental in supporting the game’s growth in Texas and past. Each have proven unwavering dedication to F1, and their shared imaginative and prescient and funding have performed a significant position in establishing the sturdy basis we now take pleasure in within the U.S.”
Austin stays one of many best-attended races of the season as this yr’s crowd is as soon as once more set to be comfortably over 400,000 followers, and that success comes regardless of the newer additions of races in Miami and Las Vegas.
The race calculates it has introduced $7 billion in financial affect to Austin and Texas since 2012, estimating that the 2023 race alone attracted direct and oblique expenditure of greater than $1 billion.
“We’re glad Method 1 has discovered a house in Texas, and are grateful to the followers, groups, and your complete F1 neighborhood who’ve persistently supported us and made the US Grand Prix a favourite cease on the worldwide calendar,” COTA chairman Bobby Epstein stated. “Equally, we’re happy with – and admire – the folks of Central Texas who’ve been such welcoming hosts!
“With this contract, COTA will overtake Watkins Glen because the longest-serving Method 1 observe in the US. Due to the nice assist and an exquisite host metropolis, the US Grand Prix has grown to be one of many world’s greatest single-weekend sporting occasions – with an unmatched annual financial affect.”
COTA’s renewal follows a long-term extension in Miami, with the Florida race confirmed on the F1 calendar till 2041 earlier this yr.
