Hungarian Grand Prix will remain on the calendar until 2027

Hungarian Grand Prix will remain on the calendar until 2027

June 6, 2020 0 By autotimesnews

The Hungarian Grand Prix on the Hungaroring track was first held in 1986. Since then, the race has invariably been included in the championship calendar, and four years ago the contract for the stage was extended to 2026.

This year the Hungaroring will host the third stage of the season, but, like all summer races, will be held without spectators in the stands. In exchange, Liberty Media suggested that the organizers of the Hungarian Grand Prix extend the contract until 2027 inclusive, and an agreement was reached.

“We are working with Liberty Media to find a way to compensate for lost profits from the race in 2020,” – said Zolt Gyulai, Head of the Hungaroring. – Even if the Grand Prix takes place without spectators, organizational costs do not change.

We did our best to conclude the most advantageous agreement in these difficult times both for Hungary and Formula 1. In addition, we reached an agreement to extend the contract – now it is valid until 2026, but until 2027.

“We also managed to reduce the amount of annual promotions, saving the government several billion Hungarian forints.”