Azernews.Az

By Nazrin Gadimova

Bernie Ecclestone, CEO and president of Formula One's governing body, has said in an interview with German newspaper Die Welt that he intends to stage the Grand Prix in Azerbaijan's capital Baku in the future.

Ecclestone hopes to organize two more races in the United States, namely in Long Beach and in New York. Also, a race in Thailand is planned.

"Besides, if everything goes according to plan, there will be a race in Baku," he said.

Formula One, also known as Formula (F1) and referred to officially as the FIA Formula One World Championship, is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA). The "formula", designated in the name, refers to a set of rules with which all participants' cars must comply.

The F1 season consists of a series of races, known as Grands Prix, held throughout the world on purpose-built circuits and public roads. The results of each race are evaluated using a points system to determine two annual World Championships -- one for the drivers and one for the constructors. The racing drivers, constructor teams, track officials, organizers, and circuits are required to be holders of valid Super Licences, the highest class of racing licence issued by the FIA.

Earlier Azerbaijan hosted Red Bull Showrun Baku, which was organized by the Red Bull Company, on June 17, 2012.