The 2024 Formula One season ended with Max Verstappen as the drivers’ champion for the fourth year running but that does not tell the whole story. McLaren, Ferrari and Mercedes all won multiple races with McLaren taking their first constructors’ championship in 26 years.
Cowell was previously a key figure at Mercedes.
The deal means the fixture at Spa-Francorchamps – which is among the most recognisable in F1 – will be omitted from the schedule in 2028 and 2030.