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Hungarian GP contract extended to 2027

Hungary will host a Grand Prix every year until 2027 after a one-year extension to the contract was agreed. The race at the Hungaroring has long been a stalwart on the F1 calendar, hosting a Grand Prix every year since 1986. In 2016, a long-term deal was agreed to ensure the track continued to do so until 2026. That deal has now been extended to run until 2027. Along with the extension, a reduction in hosting fees was also agreed. 'We have been liaising with Liberty Media how to compensate the missing profit because the organisational cost is not lower in case of a closed event,' said Zsolt Gyulay, CEO of Hungaroring Sport. 'We did our best during the discussions to get a good agreement...
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