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Hungaroring extends F1 contract
The 2019 Hungarian Grand Prix The Hungaroring has extended its contract to host Formula 1 by one year to 2027. The deal has been made in conjunction with the decision to proceed with this year’s Hungarian Grand Prix behind closed doors as part of the revised calendar released earlier this week. Organisers will also enjoy a lower hosting fee this year and lower annual increase in subsequent years. “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 Hungaroring Sport CEO Zsolt Gyulay. “We did our best during the discussions to get a good agreement both for the country and the...
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3y ago from SpeedCafe.com
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