Formula 1 (F1) has extended its deal with the Austrian Grand Prix until 2030. This comes shortly after a four-year extension was announced in March, which would have run from 2024 to 2027. The contract, signed with race promoter Projekt Spielberg, reaffirms Red Bull’s commitment to F1 following the passing of its founder, Dietrich Mateschitz, last year. The extended agreement aligns with the next Concorde Agreement, starting in 2026.
Since returning to the F1 calendar under Red Bull’s management in 2014, the Austrian GP has been widely regarded as a success. Its popularity grew significantly with the arrival of Max Verstappen in 2015, attracting a large number of Dutch fans who now make up a significant portion of the crowd.
The promoters gained recognition from F1 when they stepped in to host the first two races of the COVID-affected 2020 season, with the second event named the Styrian GP. In 2021, the track hosted two races again due to the ongoing pandemic and the cancellation of several Grands Prix worldwide.
Stefano Domenicali, CEO of F1, expressed his delight in announcing the news and credited the vision and passion of Dietrich Mateschitz for making the long-term agreement possible. He acknowledged the Austrian GP as a favorite among drivers and fans, anticipating many exciting years ahead.
Oliver Mintzlaff, Red Bull’s CEO of corporate projects and investments, also expressed his enthusiasm for the extended deal. He highlighted the positive impact on the Spielberg location, the continuation of the race’s unique tradition, and the satisfaction of fans, teams, and drivers who appreciate the Red Bull Ring.
Frequently Asked Questions (FAQs) about Austrian Grand Prix
What is the duration of the extended deal between F1 and the Austrian Grand Prix?
The extended deal between Formula 1 and the Austrian Grand Prix will run until 2030, providing long-term stability for the race.
Who is the race promoter for the Austrian Grand Prix?
The race promoter for the Austrian Grand Prix is Projekt Spielberg, a subsidiary of Red Bull.
Why did Red Bull choose to extend the contract?
Red Bull’s decision to extend the contract reflects their ongoing commitment to Formula 1 after the passing of their founder, Dietrich Mateschitz. It also aligns with the next Concorde Agreement, starting in 2026.
When did the Austrian Grand Prix return to the F1 calendar?
The Austrian Grand Prix returned to the F1 calendar in 2014 under Red Bull’s stewardship. It had been absent from the calendar since 2003.
What impact did Max Verstappen have on the Austrian Grand Prix?
Max Verstappen’s arrival in 2015 added an extra element to the Austrian Grand Prix. The race became a must-see event for Dutch fans, who now make up a significant percentage of the crowd.
How did the Austrian Grand Prix handle the COVID-19 pandemic?
The promoters of the Austrian Grand Prix earned credit with Formula 1 by stepping in and successfully hosting the first two races of the COVID-affected 2020 season. They also hosted two races in 2021 as other Grands Prix around the world faced cancellations due to the pandemic.