Possible Contract Snafu Leaves Cloud Over Future of F1 Las Vegas Grand Prix

Jackson Wheeler
3 Min Read

Did they or didn’t they? That seems to the question as paperwork surrounding the Las Vegas GP is being called into question.

Clark County (Nev.) Commissioner Tick Segerblom alleges that the county never actually signed a contract with Formula 1 for the Las Vegas Grand Prix which now races in that county.

“It turns out that we never signed a contract, that was all with the LVCVA,” he told the Las Vegas Review-Journal, referring to F1’s deal for a race with the Las Vegas Convention and Visitors Authority. “Everybody keeps saying that we’ve got three years—we never committed to three years, to my knowledge.”

The matter will be discussed at Tuesday’s meeting of the Board of Clark County Commissioners.

f1 grand prix of las vegas race

Alex Bierens de Haan//Getty Images

The Las Vegas Grand Prix is contract to race on the famous strip through 2025.

According to the report, the LVCVA pays $6.5 million annually for the race, which is contracted to race on the Strip through 2025. Both sides have discussed extending the deal for as many as seven more years beyond the current three-year deal.

Indeed, local broadcaster KSNV News 3 confirmed that an agenda item for Tuesday’s meeting is “to discuss Clark Country’s involvement with future Formula 1 races.”

The development comes after last November’s first modern Las Vegas GP, which was controversial among certain sections of the public and small business community.

“We are very serious about looking back, going back and re-evaluate what happened, and try to figure out ways we can tweak the system or even dramatically change the system,” Segerblom said. “Because, in a lot of ways, it was a great event for us. But in a lot of ways, we paid the price for it and learned the hard way.

“Can we cut back on the number of months that the town is torn up? A lot of stuff happened, and I haven’t met anybody that likes Formula 1. So it’s time to kind of find out.”

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Jackson Wheeler is a skilled editor at Speedofdaily.com, specializing in automotive content. With a background in Journalism and Automotive Engineering, he combines his passion for cars with his writing expertise to deliver captivating articles. Jackson's deep knowledge of automotive technology and his racing experience make him a valuable asset to the team, providing readers with informative and engaging content.
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