Hungary secures 5-year renewal for Formula One contract until 2032, with the Hungarian Grand Prix to be held from 2027.

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By Dipak Jaiswal 22 July 2023

Hungaroring circuit near Budapest to undergo significant refurbishments, including new pit buildings and grandstands.

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Lewis Hamilton, 7-time world champion, has dominated the Hungarian Grand Prix, winning it 8 times since 1986.

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Anticipated attendance for this year's race is over 300,000, reflecting the event's growing popularity.

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Formula One CEO Stefano Domenicali praises Hungarian promoter's dedication in enhancing facilities and fan experience.

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Hungaroring President Zsolt Gyulay expects renovations to be completed by 2026, preparing for the extended contract.

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Hungary's successful renewal is a significant achievement amid increasing global interest and competition in hosting Formula One races.

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

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