Formula One World Drivers' Championship was not formalised until 1947. The first world championship race was held at Silverstone, United Kingdom in 1950. A championship for constructors followed in 1958. National championships existed in South Africa and the UK in the 1960s and 1970s. Non-championship Formula One events were held for many years, but due to the increasing cost of competition, the last of these occurred in 1983. On 26 November 2017, Formula One unveiled its new logo, following the 2017 season finale in Abu Dhabi during the Abu Dhabi Grand Prix at Yas Marina Circuit. The new logo replaced F1's iconic
Baku City Circuit Baku City Circuit The Baku City Circuit () is a motor racing street circuit located in Baku, Azerbaijan constructed near Baku Boulevard. A lap of the circuit is , making it the second-longest circuit on the Formula One calendar. The inaugural Formula One race at the circuit was the 2016 European Grand Prix and its support events. A year later, in 2017, the circuit held the inaugural Azerbaijan Grand Prix. The event is organised by Baku City Circuit Operation Company (). In December 2013, Formula One President and CEO Bernie Ecclestone suggested that the race would be run in but