Mexico Grand Prix secures Formula 1 future with contract to 2028

Reports from the country confirm that Clara Brugada, head of government in Mexico City, announced the extension during a press conference, confirming that the new contract with Formula 1 will be signed imminently.

Brugada’s declaration marks the successful conclusion of negotiations between the race organisers and F1’s management, ensuring that one of the sport’s most vibrant events will continue for at least another four years.

Since federal support for the Grand Prix was withdrawn in 2018, the event has been sustained through a privately funded model, led by local organisers and private stakeholders via a dedicated trust fund. This commitment has been instrumental in maintaining the race’s position as one of the most celebrated events on the Formula 1 calendar.

Despite the departure of Mexico’s only F1 driver, Sergio Perez, for the 2025 season, race organisers have remained confident in the Grand Prix’s appeal. Ticket sales strategies have been adjusted to attract a wider international fanbase, reducing reliance on a single driver’s participation.

Mexico City Grand Prix president Alejandro Soberon emphasised last year that Formula 1’s popularity in Mexico transcends any single driver. Speaking during the 2024 race weekend, Soberon said: "The Mexican crowd, the fandom in Mexico, is very strong for Formula 1 in general, and obviously Checo [Perez] is a great enhancement for this. But Mexico had been very, very close in their heart to Formula 1."

Soberon continued: "We have a much better show on track today [compared to] what we had five years ago. I think competition and quality of the spectacle in the track is going to be enough to sustain the interest in the crowd."

Soberon also pointed out that Perez’s early retirement in the 2024 race had little effect on ticket sales, with the 2025 event selling out within two hours of tickets going on sale just 15 days later.

Demand has remained exceptionally strong, as Soberon explained: "We could have sold 200,000 more tickets than the 400,000 capacity. Even a 20% drop in applications would still result in a sell-out." He added that he fully expected next year’s edition to sell out once again.

Since returning to the Formula 1 calendar in 2015, the Mexico City Grand Prix has become one of the sport’s standout events, renowned for its passionate fans, vibrant atmosphere, and significant commercial success. The race has played a vital role in F1’s broader expansion across the Americas and is now secured as a key part of the sport’s future through to 2028.