P1racenews AI automatic summary:
A Chicago politician has moved to cool rumours of a potential Chicago Grand Prix after Formula 1 registered several trademarks
Trademark applications, including variations of “Formula 1 Grand Prix of Chicago,” have been filed by Formula One Licensing B.V., leading to speculation about the addition of another American-based event. However, it seems unlikely that a deal between F1 and the city will be reached, as F1 typically requires a minimum 10-year deal. Currently, the United States hosts the Miami, Las Vegas, and Austin Grand Prix races, with varying contract lengths. Hosting NASCAR in Chicago is seen as a different prospect, as the scale and cost of hosting an F1 event are significantly higher. F1’s popularity in the US has grown in recent years, sparked by the Netflix series ‘Drive to Survive’ and the emergence of the Miami and Vegas events. The possibility of a fourth US event in Chicago and the potential replacement of the Circuit of the Americas are subjects of debate among F1 fans.
