In a seismic shift that could redefine the world of Formula 1, whispers from the paddock suggest that iconic European races may be on the chopping block. As the F1 calendar balloons to a record-breaking 24 Grands Prix in 2024, the sport’s power brokers are eyeing new horizons—and traditional tracks might pay the price.
Stefano Domenicali, the CEO of Formula 1, dropped tantalizing hints during a Liberty Media investors call. “Expect big news soon about rotating European Grands Prix and introducing thrilling new venues,” he revealed. The message is clear: F1 is ready to shake things up, prioritizing markets that promise explosive growth and lucrative returns.
Currently, Europe hosts ten prestigious races, including legendary circuits like Silverstone, Monza, Spa-Francorchamps, and Monaco. But with contracts expiring as early as 2025 and Madrid set to join the fray in 2026, the continent’s stranglehold on the sport is under threat. Countries like Argentina and Rwanda are vying for a spot on the grid, while Saudi Arabia’s cutting-edge Qiddiya track races towards completion.
Domenicali insists that the number of races won’t exceed the 25-event cap set by the Concorde Agreement, which runs until 2025. “We believe 24 is the perfect balance,” he stated during an event at the U.S. Grand Prix. “The flood of proposals we’re receiving allows us to make the best choices for Formula 1’s future.”
But what does this mean for fans of traditional European races? The F1 chief assures that decisions won’t be driven solely by deep pockets. “We can’t just follow the money,” Domenicali asserted. “Our goal is to enhance our platform from a sporting, social, and business perspective.”
As Formula 1 accelerates into new territories, the sport stands at a crossroads. Will the allure of untapped markets overshadow the heritage of historic tracks? One thing is certain: the race for F1’s future is on, and the stakes have never been higher.
