Azerbaijan signs 10 year contract for holding Formula-1 Grand Prix

  08 February 2016    Read: 1142
Azerbaijan signs 10 year contract for holding Formula-1 Grand Prix
Azerbaijan has signed a contract for holding the Formula-1 European Grand Prix for 10 years, Azad Rahimov, Azerbaijani minister of youth and sports, told reporters Feb. 8.

Rahimov said that the races must be held within five years.

The minister added that if Azerbaijan takes a decision not to hold this competition within five years, the country will be fined.

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