Mexican GP Set to Pen a New Contract

Racing Point Driver Sergio Perez can rejoice as he may have a home Grand Prix in the coming years. This is because, Mexico’s future on the Formula 1 calendar could soon be secured as reports say that a new contract will be signed.

The mayor of Mexico City, Claudia Sheinbaum confirmed that she will be signing a new Formula 1 contract on Thursday.

The Mexican Grand Prix returned to the F1 calendar in 2015 after nearly 20 years. It wasn’t long before it quickly became one of the sport’s most popular races, especially with local favourite, Sergio Perez racing there.

However, the Autodromo Hermanos Rodriguez faced an uncertain future after the country’s president Andrés Manuel López Obrador suggested that funding would be cut. He revealed that the funds would be redirected to support a mobility programme in Mexico City.

The good news for Formula One fans is that negotiations have led to an agreement between the race organisers and F1. So, it won’t be long before it leads to a new contract being signed for the grand prix on Thursday with FIA president Jean Todt.

The extension of the Mexican Grand Prix contract means the F1 calendar is set to reach a record-breaking 22 races in 2020. This is because, there will be two new events added to the Formula One calendar. The new venues will be in Vietnam and the Netherlands, with the only casualty being the German Grand Prix. So far, there have been talks of numerous locations being floated around as potential F1 venues.

Only recently, Liberty Media confirmed that they were in talks with Saudi Arabia for a future F1 race. The F1 owners also confirmed that they were aiming for 25 races in a season. At the rate at which they are going, that figure is highly likely.