The Hungarian Grand Prix’s future is secured as Formula 1 extends its contract with the Budapest venue until 2032. Originally set to run until 2027, the new agreement ensures five additional years of thrilling races at the Hungaroring.
Exciting developments are underway to enhance the racing experience further. A new pit building and main grandstand, in progress since 2015, are scheduled to be completed in time for the 2026 event, adding to the spectacle of the race.
As in the past two years, the Hungarian GP will remain the penultimate race before the summer break in 2024, with the dates set for July 19th to 21st.
Stefano Domenicali, F1’s President and CEO, expressed his delight at the contract extension, praising the unique appeal of the circuit located near the enchanting city of Budapest. He also commended the commitment of the Hungarian promoter in developing facilities to enhance the fan experience, setting an example for other events to follow in the pursuit of continuous improvement.
The Hungaroring, a fixture on the F1 calendar since 1986, has garnered immense popularity, with an estimated 300,000 fans expected to attend this year’s race—an increase of 10,000 compared to the previous season.
Zsolt Gyulay, the CEO and President of the Hungaroring, expressed pride and honor in securing the contract extension. Recognizing F1’s ever-growing global popularity, Gyulay emphasized that the updates and renovations to the circuit, including the Main Paddock Building, Main Grandstand, and Spectator Zones, will be completed by 2026. Hosting teams and fans at this world-class venue is the primary focus, ensuring that the Hungaroring meets the high standards expected of an F1 race weekend.
Gyulay extended his gratitude to everyone involved in the significant development project, which took eight years of collective efforts to achieve. With this contract extension, the Hungaroring stands as a symbol of achievement and looks forward to many more years of hosting premium F1 racing.
Frequently Asked Questions (FAQs) about Hungaroring
Q: When has the Hungarian Grand Prix contract been extended to?
A: The Hungarian Grand Prix contract has been extended until 2032, providing an additional five years of thrilling races at the Hungaroring circuit in Budapest.
Q: What developments are taking place at the Hungaroring circuit?
A: There are exciting developments underway at the Hungaroring circuit, including the construction of a new pit building and main grandstand. These renovations are expected to be completed in time for the 2026 event.
Q: When will the Hungarian GP take place in 2024?
A: In 2024, the Hungarian GP will run as the penultimate race before the summer break, scheduled to take place from July 19th to 21st.
Q: How long has the Hungaroring been a part of the F1 calendar?
A: The Hungaroring has been a part of the F1 calendar since 1986, making it a longstanding fixture in the world of Formula 1 racing.
Q: How many fans are expected to attend the Hungarian GP this year?
A: Approximately 300,000 fans are expected to attend the Hungarian GP this year, marking a significant increase of 10,000 compared to the previous season.
Q: What does the CEO of the Hungaroring express about the contract extension?
A: The CEO and President of the Hungaroring, Zsolt Gyulay, expresses pride and honor in securing the contract extension, which is seen as a crowning accomplishment for their collective efforts in developing the circuit.