Formula One has signed a five-year extension to continue racing at the Hungaroring until 2032.
- Five-year deal is an extension to Formula One's existing deal that expires in 2027
- Hungaroring commits to undergoing significant redevelopment and refurbishment
Context: The Hungaroring, which has been part of the Formula One calendar since 1986, secured this latest extension thanks to a series of commitments. Among these is a new pit building and main grandstand, with the former potentially to ensure the venue has the capacity to house 11 or maybe even 12 teams if the Formula One grid expands.
Comment: Stefano Domenicali, chief executive of Formula One, said: “It is great news to announce the extension of the Hungarian Grand Prix for an additional five years as we return for another action-packed weekend at the Hungaroring. It is a very special circuit next to the incredible city of Budapest and one all of the drivers and our fans look forward to on the calendar.
“To see the commitment from the promoter in Hungary to develop the facilities and further enhance the experience for fans is another important step and something we want to see all our events doing in order to continue to improve and make our races even better.”
Coming next: The Hungaroring will continue in its slot between the races at Silverstone and Spa-Francorchamps next season, hosting Formula One from 19th to 21st July.