F1-Gp Hungary, there is contract renewal

Hungary GP on the F1 World Championship calendar until 2032

On the sidelines of the qualifying day of the Hungarian Grand Prix, Formula 1’s top management announced that it had reached an agreement with the organizers of the GP to keep it on the calendar until at least 2032. The previous agreement expired in 2027.

“Formula 1 announced today that the Hungarian Grand Prix will remain on the calendar for another five years, until 2032, extending the existing agreement until 2027,” the Circus’ official channels read. “The new agreement comes after the announcement of significant development and renovation of the Hungaroring in the coming years, with the construction of, among other things, a new pit facility and another main grandstand.

“Located just 20 kilometers from the historic city of Budapest, the iconic 4.38-kilometer-long Hungaroring has been part of the F1 calendar since 1986, with many legends of the sport claiming victory on the circuit, including Michael Schumacher and Ayrton Senna, who won four and three Hungarian Grands Prix, respectively,” the note further reads.

“Five drivers on the 2023 grid have won the Hungarian Grand Prix,” the statement continues, “with Lewis Hamilton holding a record eight wins, while this season Fernando Alonso will celebrate 20 years since he scored his first ever Formula 1 victory on this very circuit in 2003. Daniel Ricciardo, back on the grid this weekend, won here in 2014, Esteban Ocon in 2021 (first F1 win) and Max Verstappen will be looking for two consecutive wins this year after his success last season.”