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Mexican GP secures three-year deal to stay in F1

The Mexican Grand Prix has secured a three-year deal to remain in Formula One until the end of 2022 despite losing its public funding.

The future of the race was in doubt after the federal government announced it would no longer subsidise the grand prix once the existing contract expired at the end of this year. However, with the help of Mexico City's local government, the promoter of the event agreed a new deal with F1 that makes use of private investment to ensure the race remains on the calendar for another three years.

Under the new deal, the race will be renamed the Mexico City Grand Prix to underline the involvement of the local government, and the city's mayor, Claudia Sheinbaum Pardo, has promised ticket prices will remain the same as previous years.