Hungarian GP to stay on F1 calendar for at least another decade

The company behind the Hungaroring has signed an extension to its contract with Formula One Management and will now host the Hungarian Grand Prix through to 2026

Hungarian GP to stay on F1 calendar for at least another decade

It was only three years ago a new deal was signed for the race to remain on the F1 calendar through to 2021.

The latest agreement comes in the wake of the completion of a track resurfacing earlier this month, and with further government funds being made available from next year for a redevelopment of facilities at the circuit.

F1 supremo Bernie Ecclestone told Autosport: "Yep, we've a new deal.

"They're good supporters, they do a good job, good for the country, good for us, and I'm very, very happy we're always in Hungary, and we're staying there."

Hungary's national development minister Miklos Sesztak added: "Without giving out secrets regarding the details of our contract, I can tell you we'll be able to organise and run our F1 race for another five-year period under very favourable terms.

"However, despite the fact that after the grand prix everybody seems to be satisfied, saying they've had a great time here, we know further improvements are needed.

"The resurfacing work that has just finished was the first step in this direction.

"I can reveal the 2017 [governmental] budget submits substantial resources earmarked for the development of the circuit.

"This is because every year the race is one of the most important sporting events for our country, so the government of Hungary is committed to a good quality track such as the Hungaroring."

The race at the Hungaroring has been a fixture on the F1 calendar since its debut in 1986. Only Monaco and Monza have been on it for longer uninterrupted spells.

The track resurfacing, which will be be tested for the first time with this weekend's World Touring Car Championship and European Formula 3 event, has been done on the back of the company behind the Hungaroring making a profit in four of the last five years.

shares
comments
Pirelli has tried 2017 Formula 1 tyre concepts on GP2 cars

Previous article

Pirelli has tried 2017 Formula 1 tyre concepts on GP2 cars

Next article

Why F1 still misses Imola

Why F1 still misses Imola
Load comments
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
How Verstappen is ruining his F1 title battle with Hamilton Plus

How Verstappen is ruining his F1 title battle with Hamilton

OPINION: The Italian GP clash between Lewis Hamilton and Max Verstappen followed a running theme in the 2021 Formula 1 title fight. Their close-quarters battles have often resulted in contact - and although Hamilton has shown a willingness to back off, Verstappen must learn to temper his aggression

Formula 1
Sep 14, 2021
Italian Grand Prix Driver Ratings Plus

Italian Grand Prix Driver Ratings

Two drivers produced maximum-score performances as, for the second year in a row, Monza threw up an unpredictable result that left several others ruing what might have been

Formula 1
Sep 13, 2021
Why Ricciardo was set for Monza F1 triumph even without Verstappen/Hamilton crash Plus

Why Ricciardo was set for Monza F1 triumph even without Verstappen/Hamilton crash

The clash between Max Verstappen and Lewis Hamilton was the major flashpoint the 2021 Italian Grand Prix will be remembered for. Yet by this point, race leader Daniel Ricciardo had already done the hard work that would put him in position to end his and McLaren's lengthy win droughts, on a memorable afternoon in Monza

Formula 1
Sep 13, 2021
Why Italian GP success is on for McLaren even if Verstappen dominates Plus

Why Italian GP success is on for McLaren even if Verstappen dominates

For the second time in 2021, McLaren will line up for the start of a grand prix from the first row. It knows it has the chance of “glory” if things go well for Daniel Ricciardo and Lando Norris at the start of the 2021 Italian Grand Prix, but even if they just maintain their grid positions, signs from the rest of the Monza weekend suggest success is very possible for Formula 1’s other orange army

Formula 1
Sep 12, 2021
The F1 media favourite who lifted a broken Lotus Plus

The F1 media favourite who lifted a broken Lotus

Graham Hill was nearly 30 when he made his Formula 1 debut. NIGEL ROEBUCK examines the life of a gifted racer whose talismanic personality defined an era

Formula 1
Sep 11, 2021