Hungarian Grand Prix secures long-term spot on F1 calendar until 2032

economictimes.indiatimes.com:

Formula One calendar until 2032 with a five-year contract extension announced recently. The extension, starting from 2027, follows significant refurbishments planned for the Hungaroring circuit, including the construction of a new pit building and main grandstand. Hungary has been an integral part of the Formula One World Championship since 1986, hosting races at the renowned Hungaroring circuit, located approximately 20km outside the vibrant city of Budapest.

Over the years, the Hungarian Grand Prix has witnessed remarkable achievements, with Lewis Hamilton, a seven-times world champion, setting a record by claiming victory on the circuit eight times. This year's Hungarian Grand Prix is anticipated to draw more than 300,000 passionate fans, surpassing the 290,000 attendees of the previous year. The enthusiastic response from fans highlights the enduring popularity of the event and the sport as a whole.

Formula One's Chief Executive, Stefano Domenicali, praised the Hungarian promoter's commitment to enhancing fan experiences through the refurbishments and renovations at the Hungaroring. This move reflects Formula One's ambition to elevate the experience at all its events. Hungaroring President, Zsolt Gyulay, revealed that the circuit renovations are slated for completion by 2026.

The upgrades will undoubtedly contribute to enhancing the overall racing experience and spectator amenities. As Formula One continues to witness a surge in global popularity, with more venues vying to join the prestigious calendar, the contract extension marks a significant achievement for both Hungary and the sport. The contract extension securing Hungary's spot on the Formula One calendar until 2032 cements the nation's position as a pivotal