F1 extends Hungarian Grand Prix contract to 2032

F1 extends Hungarian Grand Prix contract to 2032

Daily Current Affairs / F1 extends Hungarian Grand Prix contract to 2032

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Category : Sports Published on: July 28 2023

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Formula 1 has announced that the Hungarian Grand Prix will continue to be part of the F1 calendar for an additional five years until 2032.
As per the Formula 1 website, the existing deal that ran until 2027 was extended until 2032.
As part of the agreement, the Hungaroring circuit will undergo significant development and refurbishment, including the construction of a new pit building and main grandstand.
The Hungaroring, located near Budapest, has been a part of Formula 1 since 1986 and has seen many legendary drivers claim victory at the circuit, such as Michael Schumacher and Ayrton Senna, who won four and three Hungarian Grands Prix, respectively.
The 4.38km Hungaroring has been part of the F1 calendar since 1986, with many legends of the sport claiming victory at the circuit.
Five of the 2023 grid have been victorious at the Hungarian Grand Prix, with Lewis Hamilton holding a record eight wins.

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