Formula 1: How much does Japan pay to keep Suzuka on F1 calendar?

Suzuka holds a legendary status among the other venues on the Formula 1 calendar. It is considered one of the driver’s favourite circuits. The circuit not only tests its drivers and their skills but also how well can their cars keep up with the dynamic track conditions.

The first Japanese Grand Prix took place at the Suzuka in 1987. Since then the 18 corner circuit has hosted several memorable races over the years.

Japan being the hub of JDMs and car enthusiasts, provides just the perfect audience for motorsport. However, it is important to consider that with fine-tuned cars and 3-day race sessions, come hefty charges that you need to bear.

In this article, we will tell you how much Japan pays to F1 to keep Suzuka on the calendar.

How much does Japan pay to host the Formula 1 Japanese GP at Suzuka?

The Japanese GP that takes place at Suzuka is managed by Honda. To secure a spot on the 2024 F1 calendar, Honda had to pay an estimated amount of Rs.200 crore ($25 million). Since Aston Martin will be using the Honda Power unit from 2026, the collaboration brought Suzuka onto the schedule to favour their partnership.

Additionally, recent rumours have also indicated hints of Japan trying to bring in a street track (Osaka track) on the calendar. However, that doesn’t seem to happen anytime soon.

Having a second race in a nation is not unusual, but it will be challenging to convince the FOM of this given that the two races will be only 130 km apart.

Japan’s attempt to introduce a new street track to the calendar also seems difficult due to the heavily congested 2024 f1 calendar. There are already 24 races in this season’s calendar, making it the busiest in the f1 history.

Japan spends about Rs.333 crore ($40 million) dollars to host the Japanese Grand Prix on a track, and the expense of a street event may be higher.

Japanese GP to stay at Suzuka till 2029

Honda-owned Suzuka will be hosting the Japanese GP till 2029, following the recent five-year contract extension.

F1 chief executive Stefano Domenicali stated in a statement, “I am delighted that F1 will continue to race at Suzuka until at least 2029. It is a special circuit and part of the fabric of the sport.”

Stefano Domenicali, the F1 president, also highlighted Suzuka’s significance, calling it “part of the fabric of the sport.” He also extended his gratitude to the promoter and team at Honda MobilityLand for supporting them in making the sport more sustainable.

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