Alonso staying at McLaren in 2018

Apr 23 2017 Birmingham AL USA Formula One star Fernando Alonso and executive director of the Mc Laren Technology Group Zak Brown listen to a question during a press conference prior to the Honda Indy Grand Prix of Alabama at Barber Motorsports Park

"McLaren has the technical resource and financial strength to be able to very quickly win races and world championships in F1", the 36-year-old said.

He added: "It was always where my heart was telling me to stay".

Alonso, who missed the Monaco Grand Prix to race in the Indianapolis 500, had warned the Woking-based team that they must provide him with a vehicle capable of winning to convince him to stay.

"I'm extremely proud and happy to be part of the project for next year".

Fernando Alonso will continue to drive for McLaren in 2018.

The British firm hasn't divulged many details about the Spaniard's contract but says it is a "multi-year" agreement.

McLaren have gone some way toward answering those doubts by ending a troubled partnership with Honda and switching to Renault engines in 2018.

According to McLaren chief Zak Brown, Alonso's new contract is flexible and will permit the much-loved driver to compete in other races throughout the year, potentially the Indy 500 again and even the 24 Hours of Le Mans.

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He has a long-term goal of becoming only the second driver to complete the Triple Crown ― winning the Monaco Grand Prix, Le Mans and the Indy500.

"The first priority was to finalise the F1 deal and now that is done, I will look at the other options", he said when asked specifically about Daytona.

"We have structured an arrangement that allows Fernando to be with us for quite some time".

"If Fernando wants to do Daytona and we have a seat available, we would put his name on it happily", said Brown, whose United Autosports team has an entry to that race.

"Our shareholders have ambitious plans for the whole group, and success within Formula 1 is a central pillar of that strategy". Today's announcement shows that he's fully committed to racing and winning as a McLaren driver, and, while we've often shared his frustrations over the past few years, we now feel that we can deliver on our promise to give him a competitive auto next sea-son.

"Today's announcement shows that he's fully committed to racing and winning as a McLaren driver, and, while we've often shared his frustrations over the past few years, we now feel that we can deliver on our promise to give him a competitive vehicle next season".

The news was confirmed in Austin on Thursday morning local time ahead of this weekend's American Grand Prix.

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