F1 agrees new 5-year deal to keep Hungarian GP on the calendar until 2032

BUDAPEST (AP) — Formula One has agreed a five-year contract extension to keep the Hungarian Grand Prix on its calendar until 2032. F1 announced the deal during race weekend at the Hungaroring, which had an existing deal until 2027. The new agreement follows an announcement that the Hungaroring will undergo significant development and refurbishment in the coming years, including a new pit building and main grandstand. Located 20 kilometers outside Budapest in rolling countryside, the 4.4-kilometer track has been on the calendar since 1986. F1 president Stefano Domenicali calls it “a very special circuit” that is popular with “drivers and our fans.”