The Hungarian Grand Prix has been extended to 2032, with Formula 1 confirming the five-year contract extension on Saturday. The race has been a staple on the F1 calendar since 1986, and will continue to be held at the Hungaroring, which is located just outside of Budapest.
Formula 1 has announced that the Hungarian Grand Prix will remain on the calendar until at least 2032. The deal was signed on Saturday, and comes after the Hungaroring announced plans to significantly refurbish the circuit.
The new contract will see the Hungaroring undergo a number of changes, including the construction of a new pit building and main grandstand. The circuit will also be resurfaced, and new safety features will be added.
The Hungarian Grand Prix is one of the most popular races on the F1 calendar, and has been held at the Hungaroring since 1986. The race is always well-attended, and is a favorite among drivers and fans alike.
The extension of the Hungarian Grand Prix is a major coup for Formula 1, and shows that the sport is continuing to grow in popularity. The race is also a major boost for the Hungarian economy, and is estimated to bring in over $100 million per year.