F1 grands prix have turn out to be a lot than sporting occasions. They now stretch over 4 days of fan engagement with star music acts, cultural occasions, high cooks and various actions for followers.
Promoter charges generate round $1billion of revenue yearly for F1, virtually a 3rd of the whole income. They’ll even have a large financial impression for a metropolis or a rustic; Las Vegas has pulled in over $900m annually from its race, whereas Sao Paolo reported a optimistic impression of £329m from November’s race.
No shock then that there are extra cities and nations wanting F1 races than there are slots on the calendar. Becoming in 24 grands prix is not any simple process.
It falls to Louise Younger, Director of Race Promotion at F1, who works carefully with CEO Stefano Domenicali and Liberty Media. Louise not often provides interviews, so what she has to say here’s a must-listen for each F1 fan.
We’re seeing a development for longer-term renewals, with Miami contracted to 2041 and plenty of races together with the Monaco GP and the British GP at Silverstone signed up for a decade.
Lando Norris, McLaren
Photograph by: Erik Junius
What do these lengthy contracts say concerning the confidence on either side that F1 will nonetheless be booming past 2035? How is the F1 calendar determined every season and can we see extra races in Asia, the US or Africa on the expense of rounds in Europe?
James is joined within the studio for evaluation by Autosport F1 author Filip Cleeren.
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