The Formula 1 season has become longer and longer in recent years, and the 2022 calendar is set to be the biggest yet, with 23 races scheduled to go ahead. The possibility also exists that this could be extended in years to come.
There are in fact 25 circuits that hold contracts with F1, given that China and Qatar each have an agreement for the future, despite not holding a Grand Prix in 2022. Additionallly, there has been much talk over potential new venues such as Las Vegas.
But how long are the current tracks on the calendar set to remain, and how much are their contracts worth? RacingNews365.com has taken a closer look into the details.
Short-term F1 contracts
There are a number of races for which the long-term future is not yet entirely certain. A handful of circuits are on the calendar this year and have yet to sit down at the negotiating table with Formula 1.
Other circuits are on the schedule, but are still under negotiation and do not have a contract yet. The expectation is that these contracts will all be finalised.
The Belgian Grand Prix, for instance, has a contract up to and including 2022, and a new deal is still being negotiated. The same applies to Monaco, Bahrain, France, Austria and Mexico. Monaco has not yet announced a new contract, but will be on this year's calendar, and nothing is known yet about the following years.
Meanwhile, the Austrian Grand Prix, held at the Red Bull Ring, has an option for a multi-year extension. With Red Bull being the owners of the circuit, it seems a mere formality that this option will be taken up.
The race in Austin also has no new deal yet, and the same applies for Singapore. They are negotiating for the race there but, since they are on the 2022 calendar, a new deal seems a matter of course.
Long-term F1 contracts
There are some venues on the calendar that hold long-term deals with F1, and these are mostly circuits that pay a significant amount to host a Grand Prix. Qatar is one example, which has an agreement for 10 years from 2023.
Qatar pays $55 million per year for its contract, which is the highest amount on the list of contract costs. Others to spend this much include Saudi Arabia and Azerbaijan, whilst China, Abu Dhabi, Bahrain and Russia also all pay a sizeable amount of money.
One addition to the calendar which holds a slightly different agreement is Miami, a new track for 2022 which will remain on the schedule for 10 years. F1 itself is working with the race organisers on this venue, meaning that the sport will take on some of the costs.
Below is an overview of the F1 circuit contracts, together with the fees they pay each year in dollars (if they are on the calendar). This list has been compiled on the basis of extensive discussions with various parties, including the organisers, Formula 1 and the teams themselves.
In all, the hosting fees in 2022 come to a total of around $700 million a year, which is paid to F1.
F1 Grand Prix circuit contracts
|Country||Circuit||Hosting fee ($)||Contract ends||Comment|
|Bahrain||Sakhir||45 million||2022+||Renewal forthcoming|
|Saudi Arabia||Jeddah||55 million||2025||May move to Qiddiya in the future|
|Australia||Albert Park||35 million||2023|
|Italy||Imola||20 million||2025||Contract not yet signed|
|United States||Miami||Collaboration||2031||Circuit still to be approved|
|Monaco||Monte Carlo||15 million||2021*||Is on calendar, renewal being negotiated|
|Azerbaijan||Baku||55 million||2024||Renewed in 2021|
|France||Paul Ricard||22 million||2022|
|Austria||Red Bull Ring||25 million||2022+||Option for multi-year extension|
|Great Britain||Silverstone||25 million||2024|
|Belgium||Spa||22 million||2022||New deal being negotiated|
|Netherlands||Zandvoort||32 million||2023+||Option for two-year extension|
|Italy||Monza||25 million||2024||Renewed in 2020|
|Russia||Sochi||50 million||2025||Held at Igora Drive Circuit from 2023 onwards|
|Singapore||Marina Bay||35 million||2021*||Is on calendar, renewal being negotiated|
|Mexico||H. Rodriguez||25 million||2022|
|United States||Austin||25 million||2021*||Is on calendar, renewal being negotiated|
|Abu Dhabi||Yas Marina||40 million||2030|
|China||Shanghai||50 million||2025||Returns in 2023|
|Qatar||Losail||55 million||2031||From 2023 onwards|
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