Hungary’s place on the Formula One calendar is secure in the long term, although the Hungaroring racetrack will need to be upgraded to secure a contract extension, Zsolt Gyulay, chief executive of Hungaroring Sport, the organiser of the Formula One Hungarian Grand Prix, said on Friday.
Hungary is hosting its 37th F1 Grand Prix this weekend, and organisers are used to seeing the event generate a lot of interest, even though the coronavirus pandemic prevented it from going ahead at full capacity in the last two years, Gyulay told public media ahead of the start of free practice at the Hungaroring. Concerning the event’s future, Gyulay said the Hungaroring’s spot on the F1 calendar is secure until 2027, adding that talks had already been held on Friday morning on extending the current contract until 2032. “The Hungarian Grand Prix is in a special position because there are few tracks in the world that have long-term contracts, and the intention is also there to extend them,” Gyulay said. “There’s a lot of interest in F1 from young people as well, the rights holders are also confident, but it’s also certain that the new contract will contain clauses that will require us to commit to an upgrade of the track.”