F1 Confirms Mexican Grand Prix Will Stay Through 2022
The Mexican Grand Prix has been one of the highlights of the F1 season since its return to the calendar in 2015, but after losing funding from the Mexican federal government, its future beyond 2019 had been uncertain.
However, funding was taken over by Mexico City itself via private financial backers. “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,” said Mexico City mayor Claudia Sheinbaum.
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“Previously the Federal Government collaborated with the payment for the event. 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.”
To reflect this shift in support, from 2020 the race’s official title will be changed to “Mexico City Grand Prix,” making it the only F1 race whose name reflects the city in which it is located rather than the nation (city-states Monaco and Singapore excepted).
Across the four races that have taken place there since 2015, the Mexican Grand Prix has captured a cumulative television audience of over 380 million, and in 2019 will celebrate its 20th edition. The crowds love homegrown Sergio Pérez in particular, but many of the drivers have expressed the admiration for the circuit and atmosphere at the race, which arguably boasts the best podiums on the calendar.
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