Hungarian Grand Prix Secures Formula One Spot Until 2032 with Contract Extension

Xavier Roger
Hungarian Grand Prix

Exciting news for Formula One fans as the Hungarian Grand Prix is set to stay on the racing calendar until at least 2032, thanks to a recently announced five-year extension on Saturday.

The extension, starting from 2027, was confirmed by Formula One in a statement. The decision came on the back of major refurbishments planned for the Hungaroring circuit, located about 20km outside Budapest. As part of the upgrade, a brand-new pit building and main grandstand will be constructed, promising an enhanced experience for both fans and drivers alike.

Hungary has been an integral part of the Formula One World Championship since 1986, and the racing action at the Hungaroring has seen some memorable moments over the years. Notably, the circuit has been a favorite for Lewis Hamilton, the seven-times world champion, who boasts an impressive record of eight victories at this venue.

The upcoming race weekend is expected to draw a staggering 300,000 fans, a notable increase from the 290,000 attendees seen last year. This demonstrates the growing popularity of the sport and the enthusiasm of the fans to witness high-speed excitement firsthand.

F1’s Chief Executive, Stefano Domenicali, expressed his delight over the commitment shown by the Hungarian promoter in upgrading the facilities to provide a better experience for the fans. He emphasized that F1 wishes to see similar initiatives taken by all the events on the calendar to elevate the overall racing experience.

The President of Hungaroring, Zsolt Gyulay, shared his excitement, stating that the refurbishments are scheduled to be completed by 2026. He acknowledged the immense global popularity of Formula One and the increasing competition among various venues vying for a spot on the calendar. In this context, the contract extension marks a significant achievement for the Hungarian Grand Prix.

With the contract secured until 2032, fans can eagerly anticipate more thrilling races and memorable moments at the iconic Hungaroring circuit in the coming years.

Source : Reuters

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