P1racenews AI automatic summary:
The Circuit de Spa-Francorchamps has received a one-year extension with Formula 1, keeping the Belgian Grand Prix on the calendar
Spa-Francorchamps has secured its place on the Formula 1 calendar until 2025. The agreement was reached after facing an uncertain future and being approved on a short-term basis for the 2023 and 2024 seasons. Formula 1 CEO Stefano Domenicali expressed his delight in extending the relationship with Spa, which has been a part of Formula 1 since its first season in 1950. The promoter and the Government of Wallonia were thanked for their continued support. Wallonia’s Vice President Willy Borsus highlighted the economic impact of the Grand Prix, stating that it generates positive spin-offs of €41.8 million for the region.
Source: Motorsport Week
