F1 has extended its existing contract with Spa-Francorchamps by one year to continue hosting the Belgian Grand Prix.
After securing a contract until the 2024 F1 season, a new deal has been signed between F1 and Spa-Francorchamps, which will see the circuit host the Belgian Grand Prix until the 2025 season. This is his one year extension.
Recently, significant changes have been made to the circuit to adapt it to the current state of the infrastructure. Despite the weather conditions during the F1 race weekend and the high proportion of Dutch fans, attendance at the Grand Prix remained stable.
Spa-Francorchamps remains one of the most important traditional circuits in the current F1 calendar, which is crowded with emerging markets. “Spa is synonymous with the fact that F1 is one of our first season circuits and is popular with both fans and drivers. I am therefore pleased to be able to extend our relationship with them until 2025. I am happy,” said Stefano Domenicali.
“Organizers have made great strides in recent years to improve the fan experience and infrastructure, and all involved continue to work hard to ensure a clear focus on delivering safe and exciting racing. I agree. “Thank you to the organizers.” And thank you to the Wallonia Government for their continued support. ”
At the same time, Willy Borsus, Vice-President and Minister of Economy of Wallonia, added: “We are proud and delighted to announce that the F1 Grand Prix will be held in Wallonia in 2025. Our region will do it again.” Thanks to this, he has risen to the top of the international scene. Beyond the honor, I would like to highlight the significant economic impact this event will have on Wallonia and Belgium.
“According to the 2021 study, the Grand Prix generates a positive spin-off of €41.8 million after public funds in our region, but public funds continue to decline ” These numbers certainly demonstrate the financial impact and positive impact. The outlook means we can expect even better results this year. The Formula 1 Grand Prix is both an iconic moment in motorsport and a powerful economic driver for the region. ”
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