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2018 Formula 1 Calendar Officially Confirmed

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Formula 1 has officially confirmed that the Belgian Grand Prix will continue to be held at Spa until at least 2021.

Spa featured on the calendar in the first-ever World Championship to be held and has become an iconic circuit with a long and rich history with Formula 1.

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“The news first broke last weekend, but Formula 1 have officially confirmed it via a press release.” said Chloe Targett-Adams, Director of Promoters and Business Relations at Formula 1.

“We are really pleased to have reached this agreement which means that the Formula 1 Belgian Grand Prix will stay on the calendar for a further three years.

“Formula 1 was born in Europe and the future of this sport needs to maintain its solid roots, while expanding globally and Spa-Francorchamps is part of that fantastic history.

“We are particularly pleased that the new agreement is an improvement on the previous one, for Formula 1 and for our partner Spa Grand Prix, so that fans attending this race will enjoy a truly unforgettable experience.”

CONFIRMED 🇧🇪@circuitspa extends contract to host Formula 1 until 2021 >> https://t.co/kI9MHkS8HM#F1 pic.twitter.com/SiVuIuGpWT

— Formula 1 (@F1) June 20, 2018

Pierre Yves-Jeholet, Minister for the Economy in the Wallonia region, added: “This is a good deal which makes sure that such an important event stays in our region, thus placing us on a global visibility platform.

“The regional and national economic benefit is significant: in 2017 we had a return on investment of 315% and ticket sales increased by 7.5%.

“It is also a significant first for us as we have now concluded a successful and rewarding negotiation with Formula 1.”

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Source : http://www.foxsportsasia.com/motorsport/formula1/904454/formula-1-confirms-belgian-gp-extension/

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