Mexico already working on F1 Grand Prix contract renewal until 2033. Mexico is preparing to extend its Formula 1 Grand Prix contract until 2033.

Mexico is already preparing to secure the future of its Formula 1 Grand Prix, with plans underway to extend the current deal until 2033. The organizers are set to begin negotiations with Formula 1 in early 2026 to ensure that the agreement does not expire in 2028.

The Mexican ‘F1esta’

Since Formula 1 returned to Mexico in 2015 after a 22-year absence, every edition of the Grand Prix held at the Autódromo Hermanos Rodríguez has been a huge success, both in terms of attendance and atmosphere. The event, often described as the ‘F1esta’, has become famous for its vibrant energy and passionate fans. Behind the scenes, the success is largely credited to the CIE — the company responsible for organizing the event — which generates around 1 billion dollars in revenue each race weekend.

The current contract expiration

For all these reasons, the Mexican Grand Prix has become one of the most anticipated and lively events on the Formula 1 calendar. Its place in the championship is currently guaranteed until 2028. However, the desire to remain part of the sport well beyond 2030 is already clear. Alejandro Soberon, CEO of CIE, has begun preparing negotiations with Formula 1 to ensure that Mexico stays on the schedule for many more years.

The upcoming negotiations

As Alejandro Soberon explained in an interview with ESPN, the goal is to secure a renewal until 2033: “We are very happy to be on the calendar until 2028. We promised ourselves that at the beginning of next year we would start discussions to see how we can reach a long-term deal. What we’re trying to do is always stay three to five years ahead. There’s always a dynamic with races, new circuits, and other elements, but I believe Mexico City is a great stop for Formula 1. It’s a success — an economic success.”

Another key factor Alejandro Soberon highlighted for a potential renewal is Mexico’s strategic importance in both the U.S. and Latin American markets: “In addition to that, the Latin community, which is becoming increasingly influential in the United States, strengthens all Latin markets. The contribution of Mexican buyers for races in Austin, Miami, and Las Vegas is also significant.”

With such a strong fan base, growing economic impact, and strategic positioning between two major markets, Mexico’s future in Formula 1 looks bright. If the renewal goes through as planned, the ‘F1esta’ could continue to light up the calendar for another decade.