F1 renews with ESPN for U.S. media rights through 2025


F1 has agreed to renew its rights deal with ESPN through 2025, sources told Sports Business Journal. The three-year deal still doesn’t have a signed contract, but the racing series told Amazon and Comcast executives on Friday that neither company's bid was going to be accepted. Sources say that ESPN has agreed to pay around $75-90 million per year for the rights. Currently, ESPN pays in the neighborhood of $5 million per year for the rights, having signed a three-year/$15 million deal in 2019.

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