Latest news with #OctaneRacingGroup
NDTV
4 days ago
- Automotive
- NDTV
Formula 1: Canada GP To Remain On Calendar Till 2035 Season
Formula 1 has announced that the Canadian Grand Prix will race into its seventh decade following a new four-year agreement with the Promoter and the Governments of Canada and Quebec, that will see the Circuit Gilles-Villeneuve in Montreal remain on the calendar through to 2035. The Canadian Grand Prix is the oldest Formula 1 race held outside Europe, with the 54th edition taking place recently since its inaugural run in 1967. The Circuit Gilles-Villeneuve, named after legendary Canadian F1 driver Gilles Villeneuve, became the permanent host in 1978 and is loved by drivers and fans alike for its heavy-braking chicanes, the hairpin, and the Wall of Champions. Four current drivers - George Russell, Max Verstappen, Lewis Hamilton, and Fernando Alonso - have all claimed victory at the 4.36 km circuit. Hamilton and Michael Schumacher share the record for most wins at the venue (seven each). In recent years, Octane Racing Group has significantly modernised its infrastructure and will continue investing to meet Formula 1's global growth. Additionally, the promoter and stakeholders from multiple government bodies have agreed to move the event to an earlier slot from 2026 onwards to support calendar rationalisation. Stefano Domenicali, President & CEO of Formula 1, said, 'As Formula 1 celebrates its 75th anniversary, it is fitting that we have announced an extension with the Canadian Grand Prix, a race that has such incredible history...I am delighted to confirm that we will continue racing here through to 2035 and that our media rights deal with Bell Media is also you to Octane Racing Group and our Canadian fans. I look forward to more unforgettable moments in Montreal.' Jean-Philippe Paradis, SVP at Bell and President, F1 Grand Prix du Canada, said, 'We are incredibly proud to confirm that the Formula 1 Grand Prix du Canada will continue its yearly stop in Montreal through 2035. This reflects the race's iconic status... We're thrilled to offer ten more years of world-class racing and thank all partners and our passionate team.'
Newsweek
4 days ago
- Automotive
- Newsweek
Formula One Announces Major Contract Extension With Canadian GP Until 2035
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Formula One has confirmed that the Canadian Grand Prix will remain on the race calendar until 2035 after signing a new four-year contract extension. The news arrived after last weekend's 2025 Canadian GP, which marked the race's 54th round since its debut in 1967. The previous contract was slated to conclude at the end of 2031. However, the new agreement with promoter Octane Racing Group and the governments of Canada and Québec has locked the Canadian GP's spot in the sport for the next decade. Despite the sport's growing demand forcing F1 to drop iconic circuits such as Imola from the 2026 calendar and placing Barcelona under threat for 2027, Octane Racing Group's ongoing commitment to enhancing the Canadian GP venue to modern F1 standards is said to have played an important role in securing the long-term deal. Race start during the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 15, 2025 in Montreal, Canada. Race start during the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 15, 2025 in Montreal, the Canadian GP contract extension, Stefano Domenicali, President and CEO of Formula 1, said in a statement: "As Formula 1 celebrates its 75th anniversary, it is fitting that we have announced an extension with the Canadian Grand Prix, a race that has such incredible history in our sport and is named after a true legend in Gilles Villeneuve. "Montreal is an incredible city, full of energy and passionate fans, and I am delighted to confirm that we will continue racing here through to the 2035 season and that our media rights deal with Bell Media is also extending in the long term. "I would like to thank the promoter, Octane Racing Group, for their continued efforts in upgrading this iconic venue in recent years, and all local, regional, and national political stakeholders who have worked closely together to make this event what it is today. "I would also like to thank our incredible Canadian fans. I look forward to creating more unforgettable moments in Montréal with you over the next 10 years." A joint statement was released by Valérie Plante, Mayor of Montreal, Caroline Proulx, Minister of Tourism and Minister responsible for the Lanaudière region, Carlos Leitão, Parliamentary Secretary to the Minister of Industry on behalf of the Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED, Yves Lalumière, President and CEO, Tourisme Montréal, and Véronique Doucet, General Manager of Société du parc Jean-Drapeau. It read: "We are proud to renew this important multistakeholder partnership with Formula One World Championship (FOWC). "The Canadian Grand Prix is not only the biggest event in the country, it is also one of the most appreciated in the world. It makes our city vibrate and shine on the international scene, while generating significant economic benefits for Canadian businesses and citizens. This announcement is a concrete expression of our shared commitment to further develop the Canadian Formula 1 Grand Prix and ensure its unrivalled success for years to come."
Global News
4 days ago
- Automotive
- Global News
Canadian Grand Prix signs Formula One contract extension through 2035
The Canadian Grand Prix is staying on the Formula One calendar until at least 2035. Octane Racing Group — the Canadian GP promoter — and several government officials announced a four-year contract extension on Tuesday. The race was previously under contract through 2031. An agreement signed until 2029 was extended two years after the COVID-19 pandemic shut down the 2020 and 2021 editions. Octane Racing Group president and CEO Jean-Philippe Paradis joined Montreal Mayor Valerie Plante, Quebec tourism minister Caroline Proulx and federal MP Carlos Leitão in a news conference on Île Notre-Dame on Tuesday. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The extension arrives after a successful Grand Prix last weekend, an important step for organizers after last year's fiasco sparked some speculation about whether Montreal would stay on the F1 calendar. Congestion, flooding and ill-timed downtown patio inspections disrupted the 2024 edition and damaged the race's reputation. Story continues below advertisement Next year's Canadian GP is scheduled for May 24, moving back from its traditional June slot to reduce travel and environmental impact. The event will now take place following the Miami Grand Prix instead of being sandwiched between races in Europe. The Canadian GP — set for its 55th edition next year — joined F1 in 1967 and first staged races in Bowmanville, Ont., and Mont-Tremblant, Que. The event moved to Montreal in 1978, and hometown hero Gilles Villeneuve won the city's inaugural race. Initially called Circuit Île Notre-Dame, the track was renamed to Circuit Gilles Villeneuve after the local icon's untimely death in 1982. The Canadian GP gained significance as the only North American race on the F1 calendar for several years in the 1990s and 2000s. There are currently three stops in the United States and one in Mexico City. Grand Prix weekend provides a major economic boon to Montreal. An announced 352,000 spectators attended this year's event over three days.
Top Gear
4 days ago
- Automotive
- Top Gear
Groundhogs, beware: Canadian Grand Prix extended until 2035
Formula One Bad news for local wildlife as F1 agrees contract extension with Montreal circuit Skip 1 photos in the image carousel and continue reading This just in: the Canadian Grand Prix will remain on the F1 calendar until 2035, after extending its existing contract by four years. Great news, eh? It most certainly is, because it means Circuit Gilles Villeneuve – with its long straight, heavy braking zones, and notorious slab of concrete – isn't at risk of being replaced by some godawful street circuit. Advertisement - Page continues below And no, we haven't forgotten that the island-based track is, technically speaking… a street circuit. This is one of the good ones, innit. 'Montreal is an incredible city, full of energy and passionate fans, and I am delighted to confirm that we will continue racing here through to the 2035 season and that our media rights deal with Bell Media is also extending in the long term,' said Stefano Domenicali, F1 president and CEO. You might like 'I would like to thank the promoter, Octane Racing Group, for their continued efforts in upgrading this iconic venue in recent years, and all local, regional, and national political stakeholders who have worked closely together to make this event what it is today. 'I would also like to thank our incredible Canadian fans. I look forward to creating more unforgettable moments in Montreal with you over the next 10 years.' Advertisement - Page continues below The Canadian Grand Prix was first held in 1967, and moved to its current venue in 1978 before being renamed after the legendary Gilles Villeneuve four years later. Since then, it's barely been off the calendar. For yonks it has sat in a weird slot in the middle of the European leg of the F1 schedule, but from 2026 it'll occupy an earlier window so it can run back to back with the Miami Grand Prix. Common sense prevails at last. READ MORE Lando Norris crashes into Oscar Piastri, immediately says sorry The track is also known for being home to countless groundhogs, albeit one fewer than this time last week after Lewis Hamilton, er, squashed one with his Ferrari during the grand prix. Oops. Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox. It was also the site of perhaps the greatest modern F1 race of them all; the 2011 edition that Jenson Button won from last place despite pitting six times and bumping off two world champions betwixt a two-hour red flag stoppage. Anyone else feel old now?
Cision Canada
4 days ago
- Automotive
- Cision Canada
Bell Canada and Octane Racing Group deliver standout 2025 Formula 1 Grand Prix du Canada experience for fans Français
352,000 spectators attended the race at Montréal's Circuit Gilles Villeneuve, making the Canadian F1 the second-best attended race of the season New agreement keeps race in Montréal until 2035 MONTRÉAL, June 17, 2025 /CNW/ - The 2025 Formula 1 Grand Prix du Canada drew 352,000 visitors from across Canada and around the world to the Circuit Gilles Villeneuve this weekend, making it the second-best attended race of this year's F1 season. As the proud owner of Octane Racing Group, Bell Canada played a key role in bringing this world-class event to life. Bell's leading network infrastructure kept fans on-site connected throughout the event, while TSN and RDS brought the action to viewers at home with live and on-demand coverage. The event's success was the result of strong collaboration between stakeholders, including le Service de police de la Ville de Montréal (SPVM), la Société des transports de Montréal (STM), the City of Montréal, la Société du Parc Jean-Drapeau, Tourisme Montréal and the governments of Québec and Canada. Enhanced signage, upgraded hospitality suites and new fan experiences helped improve logistics and created a smooth and enjoyable experience for attendees. Bell also contributed to community safety and social impact, working alongside Octane and local authorities to ensure a safe environment for all. Following the successful conclusion of the weekend, organizers announced a new agreement to keep the race in Montréal through 2035. This long-term agreement ensures that the city, the province and the country will continue to benefit from the economic dynamism of this international event for years to come. Quotes "The Montréal Grand Prix is one of Canada's premier sporting events and, as the owner of Octane Racing Group, Bell is incredibly proud of the success of the 2025 edition. This year's event showcased the city's love of sport, its passionate fanbase and its ability to host world-class events. We look forward to continuing to build on this success for the years to come thanks to the new long-term agreement that will keep the race in Montréal for the next 10 years." - Mirko Bibic, President & CEO, BCE and Bell Canada "We are proud to confirm that the Formula 1 Grand Prix du Canada will continue its annual stop in Montréal for another decade. This renewed agreement reflects the iconic status of our race and global reach. We will continue to build a Grand Prix that showcases Montréal, Québec and Canada at their best, with a clear strategy to elevate the event across sports, entertainment and technology. Thank you to our partners – the governments of Québec and Canada, the City of Montréal, Tourisme Montréal, Parc Jean-Drapeau and Formula 1 – for your continued trust. And thank you to our amazing team, whose passion brings this event to life each year." - Jean-Philippe Paradis, President, Octane Racing Group Formula 1 Grand Prix du Canada and SVP, BBM Sales and Wholesale "As Formula 1 celebrates its 75th anniversary, it is fitting that we have announced an extension with the Canadian Grand Prix. Montréal is an incredible city, full of energy and passionate fans, and I am delighted to confirm that we will continue racing here through the 2035 season. I would like to thank the promoter, Octane Racing Group, for their continued efforts in upgrading this iconic venue in recent years, and all local, regional and national political stakeholders who have worked closely together to make this event what it is today. I would also like to thank our incredible Canadian fans and look forward to creating more unforgettable moments in Montréal." - Stefano Domenicali, President and CEO of Formula 1 About Bell Bell is Canada's largest communications company i, providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit or Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Investor inquiries: Richard Bengian [email protected]
