this post was submitted on 17 Nov 2023
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Formula 1

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[โ€“] [email protected] 3 points 1 year ago (1 children)

Didn't they sign a multi-year deal already?

[โ€“] [email protected] 2 points 1 year ago

They signed a 10-year-contract with the intention of extending it should it turn out to be a long term success.

It's kind of an interesting situation since F1 purchased & built the pits & paddock area for 240m USD. So F1 doesn't really make a contract with a racetrack owner, but with the City of Las Vegas to "borrow" those public roads.

Sauce: https://www.planetf1.com/news/las-vegas-strip-2032-f1-agreement