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F1 confirms 10-year contract extension for iconic Australian Grand Prix

The new contract also guarantees that F1's feeder series, F2 and F3, will have races scheduled at the Albert Park Circuit in Melbourne for the first time

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In this file photo Kevin Magnussen leads a pack of cars during the 2022 Formula One Australian GP. Pic/ AFP

In this file photo Kevin Magnussen leads a pack of cars during the 2022 Formula One Australian GP. Pic/ AFP

On Thursday, June 16th, Formula 1 announced that they had extended their contract with the Australian Grand Prix until 2035. 

The new contract also guarantees that F1's feeder series, F2 and F3, will have races scheduled at the Albert Park Circuit in Melbourne for the first time. Organizers have also promised upgrades to the paddock and pit lane.

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