China extends Formula One deal until 2020
October 2, 2017
China will continue to host a Formula One grand prix for the next three years after signing a new contract until 2020.
F1 chairman and CEO, Chase Carey, said: “We are very pleased to have reached an agreement which will see the Formula 1 Chinese Grand Prix continue as a fixture of the Formula 1 World Championship for at least a further three years.
“This great country has already demonstrated an overwhelming show of interest in our sport and we firmly believe there is still a great deal of unexplored potential here.”
The current deal was due to expire at the end of this year but Shanghai will stay part as the motorsport’s calendar for the foreseeable future.
Meanwhile, Malaysia has decided to cancel its grand prix due to rising costs.
