Real French champagne will soon return to Formula 1 podium celebrations.

For the past several years, F1 drivers have sprayed Italian sparkling wine provided by sponsor Ferrari Trentino, breaking the long-held tradition of using French champagne.

However, this is set to change thanks to a new ten-year sponsorship agreement between F1's commercial owner, Liberty Media, and LVMH, the parent company of Moet & Chandon.

The Sun estimates the deal is worth $1 billion over the next decade.

LVMH (Louis Vuitton Moet Hennessy) owns a variety of luxury brands, including Moet & Chandon, the iconic champagne historically used on F1 podiums, as well as TAG Heuer, a brand also familiar in Formula 1.

"The opportunity to scale our commercial arrangements is emblematic of the vision we have for Formula 1 as the business continues to grow its platform," said Liberty Media CEO Greg Maffei. body check tags ::