The Austrian Grand Prix will remain on the Formula 1 calendar through to 2027 following the signing a new deal.
Race promoter Projekt Spielberg GmbH & Co KG has signed a four-year agreement, extending its stay in F1 after the event returned to the schedule in 2014 at the Red Bull Ring following an 11-year layoff.
This year’s race from June 30-July 2 was due to be the last under its previous agreement.
But the grand prix has become one of the most popular over the years, making a decision to retain it an obvious one.
F1 president and CEO Stefano Domenicali said: “The Austrian Grand Prix brings together the perfect mix of a challenging track, high-speed racing, and a beautiful venue for our fans.
“So I am delighted that we will be coming back to the Red Bull Ring until at least 2027 under this new agreement.
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“As we celebrate the 10th year since our return to Spielberg, I would like to thank everyone involved in this renewal, especially the promoter and Red Bull.
“And I want to pay tribute to Dietrich Mateschitz for the love, passion, and vision he brought to Formula 1 that has ensured the continued success of the event and the huge enthusiasm for our sport in Austria and around the world.”
Red Bull co-owner Mateschitz, who died last year, was an integral figure in the race’s return, notably revamping the old A1-Ring into a state-of-the-art circuit and facility.
Erich Wolf, Projekt Spielberg general manager, said: “We are proud of the special partnership we have with Formula 1, and we are absolutely delighted to be welcoming the top class of motorsport to the Red Bull Ring for a further four years.
“In signing this contract extension, Formula 1 has made a strong commitment to Austria, Styria and the Murtal region.”
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