F1 has introduced one other mega contract extension, because the Circuit Gilles-Villeneuve is about to stay on the schedule till 2035.
Formulation 1 introduced right now that the Canadian Grand Prix will race into its seventh decade following a brand new settlement with the Promoter, Octane Racing Group, and the Governments of Canada and Quebec, that may see the Circuit Gilles-Villeneuve stay on the calendar via to the 2035 season inclusive. The renewal additionally included a long-term extension to Bell Media’s media rights deal.
The Canadian Grand Prix is the oldest Formulation 1 race held exterior Europe, with final week’s occasion marking the 54th version since its inaugural operating in 1967. The Circuit Gilles-Villeneuve, named after the legendary Canadian F1 driver, turned the everlasting host in 1978 and is a agency favorite amongst drivers and followers alike, identified for its heavy-braking chicanes, well-known hairpin, and the long-lasting Wall of Champions.
4 present drivers – George Russell, Max Verstappen, Lewis Hamilton, and Fernando Alonso – have claimed victory on the 4.36 km circuit. Hamilton shares the document for many wins on the venue with Michael Schumacher, each having triumphed seven instances.
Lately, the promoter, Octane Racing Group, has made important investments within the occasion, modernising infrastructure to satisfy the rising calls for as the game continues to broaden globally. This funding will proceed and be important in persevering with to boost the occasion within the years forward.
As well as, the promoter, alongside stakeholders from the Canadian Authorities, Canada Financial Improvement for Quebec Areas, the Authorities of Quebec, the Ministry of Tourism (Quebec), the Metropolis of Montreal, Tourism Montreal, and the Societe du parc Jean-Drapeau, supported Formulation 1’s efforts to rationalise the race calendar by agreeing to maneuver the occasion to an earlier slot from 2026 onwards.
“As Formulation 1 celebrates its seventy fifth anniversary, it’s becoming that we’ve got introduced an extension with the Canadian Grand Prix,” mentioned Stefano Domenicali, “a race that has such unimaginable historical past in our sport and is called after a real legend in Gilles Villeneuve.
“Montreal is an unimaginable metropolis,” he added, “filled with power and passionate followers, and I’m delighted to substantiate that we’ll proceed racing right here via to the 2035 season and that our media rights take care of Bell Media can be extending in the long run.
“I want to thank the promoter, Octane Racing Group, for his or her continued efforts in upgrading this iconic venue in recent times, and all native, regional, and nationwide political stakeholders who’ve labored carefully collectively to make this occasion what it’s right now. I’d additionally wish to thank our unimaginable Canadian followers. I sit up for creating extra unforgettable moments in Montreal with you over the subsequent 10 years.”
“We’re extremely proud to substantiate that the Formulation 1 Grand Prix du Canada will proceed its yearly cease in Montreal for one more decade, via 2035,” added Jean-Philippe Paradis, Senior Vice-President, Bell Enterprise Markets Gross sales and Wholesale Companies President, Formulation 1 Grand Prix du Canada. “This renewed settlement displays the long-lasting standing of our race, with its wealthy heritage, its distinctive setting in a metropolis the place F1 takes over downtown, and its place on the worldwide stage.
“We’re thrilled to supply followers, communities, and the world ten extra years of world-class racing, as we work to construct a best-in-class Grand Prix that showcases Canada, Quebec, and Montreal at their absolute best. With a transparent technique to elevate the occasion throughout sport, leisure, and expertise, we thank our unimaginable companions: the governments of Canada and Quebec, the Metropolis of Montreal, Tourisme Montreal, and Parc Jean-Drapeau for his or her renewed belief, in addition to Formulation 1 for his or her continued confidence. A particular due to our wonderful workforce, whose ardour brings this occasion to life every year.”
A joint quote from Valerie Plante, Mayor of Montreal, Caroline Proulx, Minister of Tourism and Minister answerable for the Lanaudiere area, Carlos Leitao, Parliamentary Secretary to the Minister of Business, on behalf of the Honourable Melanie Joly, Minister of Business and Minister answerable for CED, Yves Lalumiere, President and CEO, Tourisme Montreal and Veronique Doucet, Normal Supervisor of Societe du parc Jean-Drapeau, mentioned: “We’re proud to resume this necessary multi-stakeholder partnership with Formulation One World Championship (FOWC). The Canadian Grand Prix just isn’t solely the largest occasion within the nation, additionally it is probably the most appreciated on this planet. It makes our metropolis vibrate and shine on the worldwide scene, whereas producing important financial advantages for Canadian companies and residents. This announcement is a concrete expression of our shared dedication to additional develop the Canadian Formulation 1 Grand Prix and guarantee its unrivalled success for years to come back.”
