Jun.18 (GMM) Canadian entities will pay more than before to keep Formula 1 in Montreal – and at least some of that cost will be passed to the spectator.
As predicted by Le Journal de Montreal a day earlier, F1 and local race promoters Octane confirmed on Tuesday that they had successfully negotiated a contract extension through 2035.
The newspaper said it is now one of the most secure races on F1’s bustling 24-race calendar.
“Miami (2041), Australia (2037), Bahrain (2036), and Madrid (2035) are among those with longer contracts,” Le Journal noted.
The newspaper was also prepared with the financial details of the new deal, as Ottawa, Quebec, Tourisme Montreal, and Societe du parc Jean-Drapeau combine to fund the event.
The last race in the existing contract will be run in 2031, costing the promoters $26 million solely in the race fee payable to Liberty Media-owned F1.
“This sum will subsequently rise to approximately $29 million annually between 2032 and 2035,” Le Journal de Montreal revealed.
“The Montreal stopover will thus reach the average of the agreements concluded among the 23 other promoters on the calendar.”
Quebec politician Carlos Leitao justified the cost.
“We’re talking about the sustainability of an emblematic event,” he said. “If I put on my economist hat, the economic benefits are much greater than the investments.”
Tourism minister Caroline Proulx explained that in tourism spending alone, the benefit is $1 billion. “That’s not nothing,” she said.
Indeed, EFE news agency reports that the government of Thailand on Tuesday formally approved a $1.27 billion bid to host a F1 race on the streets of Bangkok between 2028 and 2032.
As for the extra cost of keeping F1 in Canada, it appears that spectators will contribute. Le Journal de Montreal said prices for two particular grandstands are rising $90 and $140 respectively per ticket from 2026.
The Indianapolis 500 is an American tradition, and the 2026 race marks the 110th year of this historic event. Guests of Grand Prix Tours will enjoy premium accommodations, options for exclusive suite access, and unforgettable race-day experiences, including a police escort to the track. Highlights include visits to the newly renovated Indy 500 Museum, Gasoline Alley, and the Dallara IndyCar Factory, plus patriotic pre-race festivities like the singing of “Back Home Again in Indiana.” Join us for our 41st trip to the legendary Indy 500!
SHOW PACKAGES
The Monaco Grand Prix, often called the crown jewel of Formula 1, is one of the most prestigious races in the world and part of the Triple Crown of Motorsport alongside the Indy 500 and 24 Hours of Le Mans. Starting in 2026, the race will move from May to June to better align with the F1 schedule, placing the Canadian Grand Prix earlier in the season. Grand Prix Tours has taken care of all of the details and has arranged an amazing motorsports vacation. Call 949 719 3350 to book your trip or to contact us with any questions.
SHOW PACKAGES
Join Grand Prix Tours for the 2026 Austrian Grand Prix at the iconic Red Bull Ring; a fan favorite that rarely disappoints. Set in Austria’s stunning Styrian Hills, this scenic circuit is famous for its dramatic elevation changes and thrilling uphill turns. We’ve planned every detail so you can relax and enjoy an unforgettable motorsport getaway.
SHOW PACKAGES
Join Grand Prix Tours at the legendary Silverstone Circuit for the 2026 British Grand Prix; the birthplace of modern F1. This isn’t just race weekend; you’ll visit the British Motor Museum, explore the Silverstone Museum, and enjoy an exclusive behind-the-scenes tour of the Oracle Red Bull Racing Factory. With over 40 years of experience hosting this trip, we’ve thought of every detail for the ultimate F1 fan experience.
SHOW PACKAGES
Join Grand Prix Tours for the 32nd Goodwood Festival of Speed in the South of England, a long summer weekend celebrating the greatest moments in motorsport. Held at the magnificent Goodwood House, this world-renowned event showcases an unparalleled collection of historic and modern racing cars from the past 125 years. We’ve taken care of every detail so you can enjoy an unforgettable motorsport getaway.
SHOW PACKAGES
Join Grand Prix Tours for the 2026 Canadian Grand Prix in Montreal, a fan favorite on the F1 calendar. The city comes alive for race week packed with energy, events, and unforgettable nightlife. This year, the action shifts to Memorial Day weekend (late May), part of F1’s new, eco-friendly schedule. Don’t miss your chance to be part of the atmosphere where motorsport meets Montreal magic. Book your spot now this one sells out fast!
SHOW PACKAGES