Formula One has confirmed a new contract extension with Mexico City until 2028.
Contract:
- Mexico City agrees three-year extension to remain on Formula One schedule
- Deal kicks in from next year
- Race returned to Formula One calendar in 2015
Context:
Mexico City’s head of government Clara Brugada announced the impending extension in a press conference on 24th April, confirming that the country “will be signing the agreement with F1” this week.
The event will continue to be privately funded after former Mexico president Andrés Manuel López Obrador withdrew government support for the event, which first affected the cancelled 2020 race. The event was renamed to the Mexico City Grand Prix in 2020 to reflect the change in financial support, even if the first edition of the event under this new moniker actually occurred a year later.
Mexico City saw the fourth-highest attendance of last season as 404,958 people watched Carlos Sainz take victory for Ferrari. The event has been one of the best-attended races during its time on the calendar – only Silverstone has welcomed more fans since 2015.
Comment:
“We are very excited to announce that the Mexico City Grand Prix will continue to be part of our calendar until 2028,” said Stefano Domenicali, president and chief executive of Formula One.
“Formula One is energy, passion and emotion, and every year the unique atmosphere created by our fans in Mexico City is one of the most incredible and energetic experiences of our championship.
“I want to express my sincere thanks to President Claudia Sheinbaum for her strong commitment to Formula One, to the head of government Clara Brugada for her continued support and to Alejandro Soberón Kuri, whose leadership has been fundamental to the success of this event. I also want to thank the local stakeholders and businesses that share our vision and who make this event so special.
“We look forward to continuing this extraordinary collaboration together and seeing the incredible enthusiasm of the Mexican fans again in October.”
Coming next:
The 2025 Mexico City Grand Prix will take place from 24th to 26th October.
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