Hungarian Grand Prix until at least 2027 on the F1 calendar

The Hungarian Grand Prix will be on the Formula 1 calendar until at least 2027. The promoter race at the Hungaroring has extended the contract with one year.

The Hungarian Grand Prix is scheduled for 2020 on 19 July and will be the third round of the championship this season. Besides that the race will be held behind closed doors, Liberty Media and the promoter have been able to conclude an agreement on a contract extension of one year.

"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", says circuit director Zsolt Gyualay to Motorsport.com.

"We did our best during the discussions to get a good agreement both for the country and the sport even in these challenging times. We cannot say exact numbers, but rights fee is fragment of the one we pay in case of an open event", Gyualay continues.

According to the circuit director, the promoters and the circuit were able to save a lot of money with the new deal. The Hungarian Grand Prix will definitely be on the calendar until 2027.