Austrian Grand Prix secures contract extension with Formula One

The Austrian Grand Prix will stay on the System 1 calendar by 2041 inclusive, following the long-term extension of System 1’s contract with promoter Projekt Spielberg GmbH & Co KG.

The Austrian Grand Prix has established itself as a fixture on the F1 calendar during the last many years, having appeared on the calendar 38 instances, with the primary race going down in 1964.

The Purple Bull Ring, located within the Styrian mountains, first hosted the occasion in 1970 and provides probably the most picturesque settings for a System 1 race, with drivers navigating the 4.3 km circuit identified for its elevation adjustments and mixture of high- and low-speed corners that encourage wheel-to-wheel battles.

The circuit dropped off the calendar in 2004, however in 2010 the late Dietrich Mateschitz invested within the Purple Bull Ring, funding renovations that revitalised the power and led to its return in 2014.

4 drivers from the present grid have additionally claimed victory in Austria – Max Verstappen, Lewis Hamilton, Charles Leclerc and George Russell – with Verstappen holding the file for probably the most wins, with 5. The Dutchman received the Austrian Grand Prix on 4 events, and was victorious on the 2021 Styrian Grand Prix too.

Stefano Domenicali, President and CEO of System 1, mentioned: “Austria has lengthy been an extremely particular race for System 1 so it’s improbable we’ve secured the long-term way forward for a Grand Prix so deeply rooted within the sport’s historical past.

“The imaginative and prescient and fervour of Dietrich Mateschitz gave the race the funding and a focus that allowed it to return as an unimaginable occasion on the System 1 calendar.

“Annually, returning to the gorgeous Styrian mountains is a spotlight – an expertise that evokes unimaginable emotion amongst our drivers, groups, and followers alike, creating an environment in contrast to another.

“I wish to prolong my honest because of Mark Mateschitz and Thomas Überall and his group for his or her unwavering dedication to excellence, and to our unimaginable Austrian fanbase, whose enthusiasm and loyalty proceed to raise this iconic race.”

Commenting on the contract extension, Mark Mateschitz mentioned: “I’m delighted that System 1 will stay on the Purple Bull Ring for a few years to come back. I’m proud to proceed my father’s legacy and to protect the wealthy historical past of motor racing in Styria and on the Purple Bull Ring – with and, above all, for the individuals of the area.

“Austria’s shut ties to System 1 are a superb basis for our long-term partnership. Working collectively, we intend to proceed this success story for a few years to come back.”

Talking of the brand new contract, Thomas Überall, who worksas Normal Supervisor Purple Bull Ring, said: “This long-term dedication to us by System 1 is a superb honour and an exquisite problem that we’re pleased to undertake on behalf of the followers and the Murtal area. The brand new contract is of inestimable significance for the long run.

“The long-term safety of the Austrian Grand Prix will set off additional funding in infrastructure and means great added worth for the Murtal area, for Styria and for Austria.”

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