Major change to F1 from next season as bosses sign incredible ten-year deal worth $1BILLION

FORMULA ONE bosses person penned a $1BILLION woody that volition spot a large alteration to podium proceedings.

F1 chiefs person enactment pen to insubstantial connected a £750m with French institution LVHM - known successful afloat arsenic LVMH Moet Hennessey Louis Vuitton SE.

The sponsorship deal, which is the astir lucrative successful the sports' history, was reportedly agreed aft months of negotiations by F1 main enforcement Stefano Domenicali and members of the luxury goods company.

LVMH, valued astatine implicit £375BILLION, are champion known arsenic the owners of luxury brands specified arsenic Louis Vuitton, Dior, Tiffany & Co and Givenchy.

While they are besides the owners of champagne marque Moet & Chandon, starring to reports that champagne could beryllium returning to the F1 podiums for the archetypal clip since 2021.

Drivers person been spraying Italian sparking vino to toast their successes for the past 3 years acknowledgment to an relation with Italian vino makers Ferrari Trentino.

But their caller woody with LVHM, which is owed to statesman successful 2025, is acceptable to enactment Champagne backmost successful the hands of contention winners going forward.

Of course, champagne volition not beryllium utilized successful the Middle Eastern races - wherever intoxicant is banned - with roseate h2o expected to proceed arsenic its replacement.

LVHM are besides the owners of a fig of different good known champagne brands including Dom Perignon, Veuve Clicquot and Champagne Mercier.

The Mail study that the woody has been successful the making for implicit a year.

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While it's besides claimed that teams are "delighted" by the news, with 1 squad main citing a imaginable maturation successful prize money.

F1's worth continues to emergence with the illustration of the athletics increasing successful caller years since the merchandise of Netflix documentary Drive to Survive.

In a connection astir the concern with LVMH, Domenicali said: “Our athletics is founded connected the relentless pursuit of excellence, a worth that besides lies astatine the bosom of LVMH, truthful I americium delighted to denote this historical concern volition statesman successful 2025.

"As Formula 1 continues its planetary growth, attracting caller and much divers audiences, the spot and breadth of LVMH makes it the cleanable spouse for america to enactment with arsenic we look to continually heighten the acquisition of our fans and the practice of our unthinkable sport.

"This is simply a landmark concern for some companies, and I would similar to convey Bernard and Frédéric Arnault for their imaginativeness and committedness to bring this to life.”