Race wins 'only late next season' if it accepts financial support from Formula 1
The Circuit de Barcelona-Catalunya in Barcelona has been added to the 2024 calendar, while the Dutch Grand Prix has been moved to 2026, and the Australian Grand Prix has been dropped.
"The Australian Grand Prix will not be held in 2024," a spokesperson for the FIA said in a statement.
The FIA also announced that the Saudi Arabian Grand Prix will be the third round of the season, instead of the sixth.
Formula One racing was in danger of being cancelled due to a financial crisis, but a deal was reached for the sport to be saved, with the backing of a consortium of investors.
The sport's commercial rights holder, Liberty Media, will provide a £100 million loan to cover the costs of racing until the end of the season.
The loan will be repaid through the sale of commercial rights and will not require any further investment from the consortium.
The deal will allow the sport to continue until the end of the season, but it is not clear what will happen after that. The consortium may be willing to continue to support the sport, but it is not clear if they will be able to find the necessary funding.
The Australian Grand Prix was one of the most popular events on the calendar, and its loss will be a blow to the sport.
The Dutch Grand Prix, which was due to be held in 2024, will now be held in 2026, while the Spanish Grand Prix will be held in 2024.
The FIA also announced that the Brazilian Grand Prix will be held in 2026, and the United States Grand Prix will be held in 2025.
The changes to the calendar are a result of the financial crisis that has hit the sport, and are a reflection of the difficulties that Formula One is facing.
"The changes to the calendar are a result of the financial crisis that the sport is facing," a spokesperson for the FIA said in a statement.
The sport is facing a number of challenges, including declining ticket sales and a reduction in sponsorship revenue.
The changes to the calendar are a result of the financial crisis that the sport is facing, and are a reflection of the difficulties that Formula One is facing.
The sport's commercial rights holder, Liberty Media, will provide a £100 million loan to cover the costs of racing until the end of the season.
The loan will be repaid through the sale of commercial rights and will not require any further investment from the consortium.
The deal will allow the sport to continue until the end of the season, but it is not clear what will happen after that.
The consortium may be willing to continue to support the sport, but it is not clear if they will be able to find the necessary funding.
The Australian Grand Prix was one of the most popular events on the calendar, and its loss will be a blow to the sport.
Author's review:
The deal to save Formula One is a temporary solution to the sport's financial crisis, but it is not clear what the long-term future holds for the sport.