The Mexican Grand Prix will remain on the Formula 1 World Championship calendar until at least 2022, following the renewal of the popular event’s contract.
The event at the Autódromo Hermanos Rodríguez returned to the Grand Prix stage in 2015 after a 22-year absence, with its current contract set to expire at the end of the 2019 season. There were fears that it would be discontinued, amid speculation that the Mexico City government would redirect funding allocated to the event to other projects.
“We are pleased to have renewed our partnership with Mexico City, which will now host the Formula 1 Mexican Grand Prix until at least 2022,” said Formula 1 chairman Chase Carey.
“Ever since it returned to the championship calendar in 2015, this event has always proved to be amazingly popular with the public and fans, not just in Mexico, but also around the world.
“Proof of this is the fact that the race promoter has won the FIA award for the best event no fewer than four years in a row and, in those four years, over 1.3 million spectators have attended the Grand Prix.”
The city’s Mayor, Claudia Sheinbaum Pardo, confirmed that the new deal will occur with private enterprise funding.
“The presence of Formula 1 in the city for further three more years, was achieved for the first time through a new financing model in which public resources are not used. Previously the Federal Government collaborated with the payment for the event,” she explained.
“The Mexico City government will be an intermediary, creating a trust that will raise the private investment required to deliver this international event.
“The price of the tickets will remain the same as in previous years.”
The Mexican Grand Prix has been an on-again, off-again presence on the Formula 1 calendar. It made its debut in 1963 and was then dropped after the 1970 event. It returned to the Grand Prix scene in 1986 on a slightly redesigned layout and remained on the calendar until 1992.
A further redesign was undertaken with the assistance of Hermann Tilke’s circuit design group, with the latest incarnation – which saw the infamous Peraltada corner partly bypassed with an infield sequence through a baseball stadium – making its return in 2015.
This year’s Mexican Grand Prix takes place on October 25-27.
Image via Aston Martin Red Bull Racing