Why Historic Track Faces Uncertain Formula 1 Future
By: bitcoin ethereum news|2025/05/16 00:00:15
0
Share
IMOLA, ITALY – MAY 15: Trackside branding and detail during previews ahead of the F1 Grand Prix of ... More Emilia-Romagna at Autodromo Internazionale Enzo e Dino Ferrari on May 15, 2025 in Imola, Italy. (Photo by Bryn Lennon – Formula 1/Formula 1 via Getty Images) The Formula 1 season makes its first European stop of the season this weekend, but the paddock’s arrival at Imola simultaneously feels like a farewell. The track in the northern Italian region of Emilia Romagna is under contract until the end of the season, but faces an uncertain future. Formula 1 CEO Stefano Domenicali conceded this week it was “increasingly difficult” to continue holding two races in Italy, amid growing demand for the sport to broaden its horizons. Along with the US, Italy is currently the only country on the calendar to host two races, with the Emilia Romagna Grand Prix at Imola and the Italian Grand Prix at Monza, near Milan. And while races in Austin, Miami and Las Vegas are among the showpiece events of the calendar, Domenicali admitted this weekend may be Formula 1’s last appearance on the banks of the Santerno River for the foreseeable future. “Italy has always been and will be an important part of Formula 1,” he told RAI radio, Italy’s state broadcaster. “It will be increasingly difficult to have two races in the same country because interest in Formula 1 is growing and it’s a situation we will have to deal with in the coming months,” he added. “It’s hard for this situation with Imola and Monza to continue together on the calendar for long.” The home of the San Marino Grand Prix between for a quarter of a century from 1981, Imola has been the stage of some epic battles but also for one of the darkest pages in Formula 1’s history. On May 1, 1994 the legendary Ayrton Senna lost his life after slamming into the wall at the Tamburello corner at the start of the seventh lap. The Brazilian’s fatal crash came after the track had claimed the life of Austrian driver Roland Ratzenberger in qualifying the previous day. The toll could have been even more disastrous had Ruben Barrichello not miraculously escaped unscathed from a huge crash during Friday practice. Imola underwent significant changes in the aftermath of that tragic weekend, but dropped out of the calendar in 2006 before returning 14 years later when the Emilia Romagna Grand Prix was introduced during the Covid-disrupted 2020 season. The event was held through to 2022, but was cancelled the following year after the northern Italian region was battered by storms and floods that caused over $11billion worth of damage and displaced approximately 50,000 people. The race returned to Imola last season, when Domenicali first warned “important issues need to be addressed” if Italy was to retain two Formula 1 Grands Prix. Monza to remain Italy’s No1 Formula 1 track until 2031 MONZA, ITALY – SEPTEMBER 01: Race winner Charles Leclerc of Monaco and Ferrari waves to fans from ... More the podium during the F1 Grand Prix of Italy at Autodromo Nazionale Monza on September 01, 2024 in Monza, Italy. (Photo by Bryn Lennon – Formula 1/Formula 1 via Getty Images) Imola’s future is further complicated by the fact Monza signed a six-year extension to remain part of the world championship until 2031 in November last year. Monza has been synonym with Formula 1 for almost a century and is the longest-running event on the world championship calendar. The third oldest purpose-built racing circuit in the world after Brooklands in England and Indianapolis and the oldest in mainland Europe, the track has hosted the Italian Grand Prix since the opening edition of the Formula 1 world championship in 1950. Like Monza, Monaco has also agreed to an extension running until 2031. Arguably Formula 1’s most iconic race, the Principality has host a race each year since the world championship’s inception in 1950, save for 2020 during the Covid-19 pandemic. Under the new six-year deal, the Monaco Grand Prix will be run in June to avoid future clashes with the Indianapolis 500. The Miami Grand Prix, meanwhile, penned a 10-year extension until 2041 earlier this month. Formula 1 has previously indicated it could satisfy demand by staging races on a rotational basis. In January, Spa-Francorchamps, the home of the Belgian Grand Prix and one of the most historic tracks in the sport, signed a six-year extension until 2031. The venue, however, will only feature on the calendar in 2026, 2027, 2029 and 2031, with another race set to replace the Belgian Grand Prix in 2028 and 2030. Tracks haven’t rotated in and out of the calendar since Hockenheim and the Nurburgring shared hosting duties for the German Grand Prix between 2008 and 2014. With the Nurburgring dropping out of the calendar, the race was held at Hockenheim on a biennial basis until its final edition in 2019. The Dutch Grand Prix also reportedly held conversation with Formula 1 about the prospect of staging the event on a rotational basis, but decided to drop out of the calendar altogether once its contract runs out at the end of 2026. Last season was contested over a record 24 races, with the number of events remaining unchanged this year. Under the current terms of the agreement signed between Formula 1 and the teams, a maximum of 25 races per year can be held. Those terms, however, are due to be renegotiated next year amid growing interest from a number of nations to host a Grand Prix. Formula 1 targets expansion in Africa and Asia Formula 1 President Stefano Domenicali arrives in the paddock during qualifying of the Bahrain GP, ... More the 4th round of the Formula 1 World Championship, at the Bahrain International Circuit in Sakhir, Bahrain, on April 12, 2025. (Photo by Andrea Diodato/NurPhoto via Getty Images) Thailand, South Korea and Rwanda are all pushing to be added to the calendar. A Thai bid is centered on a potential street race in Bangkok, with officials hoping it could join the Formula 1 calendar in 2027 or 2028. In April last year, South Korea’s Incheon also signaled its intent to host a Grand Prix on a new street circuit, possibly as early as 2026. South Korea previously featured on the Formula 1 schedule between 2010 and 2013 at the existing Yeongam track. The most groundbreaking proposal, however, comes from Rwanda, aiming to break new ground as the first African nation to host a Grand Prix since South Africa’s Kyalami in 1993. A new circuit is being built outside the Rwandan capital of Kigali, but it will not be ready for another three years at least. “We want to go to Africa, but we need to have the right investment, and the right strategic plan,” Domenicali told Motorsport in August. “We need to have the right moment, and we need to make sure that also in that country, in that region, in that continent, there is the right welcoming, because, of course, they have other priorities. “We need to be always very careful in making the right choices.” Source: https://www.forbes.com/sites/dancancian/2025/05/15/why-historic-track-faces-uncertain-formula-1-future/
You may also like

The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?
The SpaceX IPO is short-term "capital competition" for the cryptocurrency market, while in the medium to long term, it leans towards "narrative endorsement" for Bitcoin.

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?
What is driving the massive demand for the SpaceX IPO, and why did BlackRock place a $5 billion order? Learn how the historic listing could impact SpaceX stock, Bitcoin, SPCX, and crypto markets.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena
Overview of Important Market Events on June 10

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?
The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?
Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins
The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?

Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts
SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.
The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.
The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.
Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.
The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.
Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11
a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
