Hungary Secures Five-Year Extension: Hungarian Grand Prix to Stay on F1 Calendar until 2032

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Hungary has successfully renewed its Formula One (F1) contract by five years, ensuring that the Hungarian Grand Prix would be held at least until 2032. The extension begins from 2027 and follows significant refurbishment plans at Hungaroring circuit near Budapest that include construction of new pit buildings and grandstands.

Since 1986, the Hungarian Grand Prix has been part of Formula One World Championship and has quickly become an established and beloved race on its calendar. Seven-times world champion Lewis Hamilton has won it an impressive eight times!

The race is anticipated to draw over 300,000 participants this year, up from 290,000 in 2018. Formula One chief executive Stefano Domenicali applauds Hungarian promoter’s dedication and efforts in improving facilities and creating an improved fan experience.

Hungaroring President Zsolt Gyulay recently stated that renovations for its circuit will likely be complete by 2026. With Formula One becoming an increasingly popular sport worldwide and new venues aspiring to join its calendar, signing the extension agreement represents an enormous accomplishment for Hungary.

Alan Baldwin in London reported the news, with Christian Radnedge serving as editor.