Formula 1 extends Chinese Grand Prix contract until 2025
Nov. 6 (Reuters) – Formula 1 announced on Saturday that the Chinese Grand Prix in Shanghai, which will be out of the schedule for the third consecutive year in 2022 due to the COVID-19 pandemic, has extended his contract until 2025.
The race was first held in 2004 and China is considered an important growth area for the sport.
“This is great news for all of our fans in China and we are delighted to announce this agreement which will see us racing in Shanghai until 2025,” Stefano Domenicali, Formula 1 general manager, said in a statement.
“Our partnership with promoter Juss Sports is incredibly strong and we look forward to continuing our long-term partnership.
“China will be back on schedule as soon as conditions allow and we look forward to being back with the fans as soon as possible.”
Other Asian races in Australia, Japan and Singapore have also been canceled in the past two seasons due to the pandemic, but are expected to return to what will be a record 23 race schedule next year.
The 2022 season marks the start of a new era, with major rule changes, and is set to open at the Sakhir Circuit in Bahrain on March 20.
Report by Alan Baldwin in London; Editing by Kenneth Maxwell
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