Formula 1 has signed the next long-term contract with a race track and has tied Silverstone to it until at least 2034
Formula 1 has signed the next long-term contract with a traditional circuit, extending its agreement with Silverstone by ten years. Just last week, it was announced that the contract with Suzuka had been extended until 2029. The contract with Silverstone now runs until 2034.
“I am delighted to announce that the British Grand Prix will remain on the calendar for another ten years with this agreement,” says Formula 1 boss Stefano Domenicali.
“Silverstone is an iconic venue at the heart of Formula 1 history and as it approaches its ninth decade of hosting Grands Prix, the event continues to attract fans from around the world who enjoy the fantastic racing on track and the fantastic fan experience off it.”
Formula 1 has thus closed the most important acute construction sites for the time being. Suzuka and Silverstone were the only two circuits whose contract would have expired after the upcoming season. However, it is now clear that all 24 races taking place this year will still take place in 2025. However, eight contracts will then expire
Third longest running contract
The partnership with Silverstone underlines the trend of long monster contracts that Formula 1 has entered into in recent years. Eleven current circuits already have a contract until at least 2030, plus a city race in Madrid from 2026, which is also scheduled to run until at least 2035
Of the current circuits, Silverstone now has the third-longest contract. Only Bahrain (until 2036) and Australia (until 2037) have committed themselves to Formula 1 for longer than the traditional British circuit in Northamptonshire.
“This contractual security will provide a solid foundation for the further development of the venue as we continue to improve the circuit and transform it into a year-round international motorsport and leisure destination,” says Peter Digby, Chairman of the British Racing Drivers’ Club, which owns the circuit.
“Unique atmosphere “
Silverstone’s Managing Director Stuart Pringle added: “This long-term commitment reflects the importance of the British Grand Prix to Formula 1 and the recognition of our ability to deliver a world-class experience to British fans, who are some of the most enthusiastic and knowledgeable in the world. “
“The cheers for the home teams and especially for the British drivers on the grid make the atmosphere at Silverstone unique and I look forward to harnessing that passion for our sport and taking the event to the next level over the coming decade.”
The circuit has a very special history in Formula 1, having hosted the first round of the newly founded World Automobile Championship on May 13, 1950. Although the British Grand Prix was initially held alternately at Aintree and Brands Hatch, Silverstone has hosted a British Grand Prix every year since 1987