F1 signs off multi-year extension deal with Fox Sports Mexico

• Sports

Formula 1 and Fox Sports Mexico had renewed their partnership accord for three more years. Formula 1 had extended their media rights with pay TV network operator Grupo Multimedia Lauman, Fox Sports Mexico. According to the agreement, Formula 1 and Fox Sports Mexico had rubberstamped a three-year-long deal and the broadcast right accord would remain valid until end-2025.

On top of that, the Fox Sports Mexico would stretch out its coverage of F1 events in other Northern American countries including GP events, qualifying rounds alongside free practice session apart from sprint races.

Formula 1 seals contract extension deal with Fox Sports Mexico

Aside from that, latest move from F1 came against the backdrop of a decision that FIA would keep the Mexico GP at F1’s calender until 2025. Meanwhile, followed by the reveal of the accord, the director of media rights and content creation, Ian Holmes said, “It’s a great time to be a Formula One fan, and the future looks bright.

These partnership agreements are a statement of our intent to grow and develop our global fanbase by delivering best in country broadcasting and bringing Formula One to new audiences. The 2023 season will see plenty more drama and excitement, so I’m pleased that fans in Mexico and Belgium will be able to experience everything the sport has to offer”.

If truth is to be spoken, F1 has been aggressively expanding across the North America with its popularity soaring at a breakneck pace following a Netflix series, “Drive to Survive,” while F1 is set to arrange three Grand Prix events in the US including a Saturday night sprint at Las Vegas.