Popular Austrian Grand Prix strikes mega renewal deal to remain on the F1 calendar

On Sunday morning, reports emerged in the German media that Formula One Management had struck a major new deal with Red Bull. The FOM has now officially confirmed those rumours.

The Red Bull Ring was originally had a contract until 2030, so there was no urgency. However, the parties chose to renegotiate early and extend the agreement.

This marks an impressive eleven-year extension, securing the Austrian Grand Prix's place on the Formula 1 calendar through at least 2041.

Speaking about the renewal, Formula 1 CEO, Stefano Domenicali said: "Austria has long been an incredibly special race for Formula 1, so it’s fantastic we have secured the long-term future of a Grand Prix so deeply rooted in the sport’s history.

"The vision and passion of Dietrich Mateschitz gave the race the investment and attention that allowed it to return as an incredible event on the Formula 1 calendar. Each year, returning to the stunning Styrian mountains is a highlight - an experience that evokes incredible emotion among our drivers, teams, and fans alike, creating an atmosphere unlike any other.

Thomas Uberall, the general manager of the Red Bull Ring, is also grateful for the renewal.

While deals in the past were typically struck for just a few years, Formula One Management now appears increasingly focused on securing circuits for the long term. The Red Bull Ring is undoubtedly one of the most popular tracks on the calendar, both among fans and drivers. But even so, an eleven-year extension stands out as exceptionally long

The Miami Grand Prix is the only other race on the calendar to have a similar contract, with the race in the Sunshine State also set to run until 2041.