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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