Executive Director of BCC Arif Rahimov told АUTOSPORT.com.ru that within three months after the Grand Prix of Azerbaijan-2018 promoter is going to give an answer to the leadership of the Formula 1 whether the contract extension for another five years – until 2025.
“Everybody understands that that contract, which is now on the table is unacceptable, is to work longer. It seems to me that Liberty Media is well aware. They go on the track, and we hope that the negotiations will be successful. We will focus on a number of commercial conditions of the sponsorship rights and the price we pay – continued the promoter.
The leadership of Formula 1, especially after last year’s race, there is a desire to leave the Big Prizes in Azerbaijan. We waited this year to revise our agreement. The first contracts are not always “sweet”, they are more emotional, only in a few years you begin to understand what you really need.”
Rahimov also added that the budget for the organisation of the race this year, less than the budget of last year stage, but the workload only increased.
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