The future of the Belgian𝓡 Grand Prix at Spa-Francorchamps has been secured, with the local government striking a fresh deal with Formula 1 owners Liberty Media to host the race until 2021. ꧂;
Belgian business newspaper L’Echo an extended contract was signed off with Liberty last week, sealing the im♓mediate future ofꦉ the race.
The current contract is due to run out after this year’s race, which will take place 🗹on August 26 following F1’s summer break. The German and Japanese grands prix contracts are also set to expire following the respective 2018 events.
“It’s a good deal which ensures that the region of Wallonia retains an event which contributes to the promotion the region on the world stage," Wallonia's vice presi🅷dent and economy minister, Pierre-Yves Jeholetꦅ told L’Echo.
“It's also a new era because it's the first time we're negotiating with the directors of Liberty Media. The proceeds for the Wallonian economy were 20.5 m💯illion Euros in 2017, an increase of 21 percent from 2016.”
Liberty has made it clear it wants to retain a number of classic European races onဣ the F1 calendar despite its push for new events in the US and Asia - including a plann🌃ed addition in Miami as early as next year.
The Circuit de Spa-Francorchamps has hosted 73 races 🔥and remains a firm favourite among both fans and drivers.
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