SPA-FRANCORCHAMPS (Reuters) - The Spanish Grand Prix will live on the formulation One calendar in 2020, the game’s commercial rights holders and race organisers said on Tuesday, with the season set to increase to a record 22 races subsequent year.

The Spanish race will continue to be held at the Circuit de Barcelona-Catalunya, at the outskirts of the city, for the thirtieth straight yr.

“The decision to hold to degree a round of the pinnacle of motor recreation in Spain.

... Is a part of our method of keeping components One’s eu roots, even as additionally currently increasing the championship into new territories,” the game’s leader government Chase Carey stated in a announcement.

“The promoter’s willingness to be a part of formula One going into 2020 is proof of the sport’s capacity to act as a catalyst for areas to hold international elegance events and additionally to have a superb impact at the area’s financial system.”

The contract for the Spanish race ran out after this yr’s event in may additionally won by global champion Lewis Hamilton for Mercedes.

That race changed into attended by using one hundred sixty,428 lovers, consistent with a statement from race organisers.

hosting the occasion generates 163 million euros (£148 million) of monetary advantage, they delivered.

Quim Torra, President of the authorities of Catalonia, said: “The formula One Grand Prix... Is an essential device to stimulate the economic pastime in the u . S . In phrases of tourism, as well as inside the automobile and amusement industry.

“moreover, it offers us the possibility to show the arena the way Catalans are, how we work and what our united states of america is like.”

Spain’s confirmation, which follows Mexico signing a fresh three-12 months deal earlier this month, paves the way for method One to enlarge beyond its present day 21 races.

Germany is about to drop off the cutting-edge 21-race schedule but a new race in Vietnam and a go back to the Netherlands have already been announced.

Italy, home race for the sport’s most popular team Ferrari, has yet to signal a agreement extension but neighborhood organisers and authorities have given the race the go-ahead.

formula One groups have already agreed to a variety of the calendar to 22 races.