Russia is set to remain on the Formula 1 for a good decade as the rack has signed a deal to host a Grand Prix at Sochi until 2025.
The Grand Prix made its debut in 2014 and has since hosted two more races, with a mixed feeling about the event expressed through fans. The race was reported recently to be searching for private sponsorship to pay for the event, and not the use of public funds.
Now, it emerges that the state-linked Russian finance group VTB has secured the naming sponsorship rights to the Grand Prix.
And deputy Russian prime minister Dmitry Kozak told Tass news agency: "Negotiations were conducted and the contract for the formula one race in Russia was extended until 2025."
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Azerbaijan Grand Prix
C. Sainz jr
Replies (1)
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Posts: 1,804
Hopefully it gets turned into a night race