Austrian GP contract renewed until 2030 by F1

Red Bull has extended its contract to host the Austrian Grand Prix until 2030. The race has been a success since its return to the calendar in 2014 and has gained popularity due to the presence of Dutch driver Max Verstappen. The extension reflects Red Bull's commitment to F1 and ensures the race will continue to be a must-see event for fans and teams.

In a surprising turn of events, it has been announced that the Austrian Grand Prix will continue to be a part of the Formula 1 calendar until 2030. This comes just months after a four-year extension was announced in March, extending the race's presence until 2027. The extended contract, signed with Red Bull subsidiary and race promoter Projekt Spielberg, showcases the ongoing commitment of the drinks company to Formula 1, even after the passing of founder Dietrich Mateschitz last year.

The decision to extend the race deal aligns with the next Concorde Agreement, which is set to begin in 2026. This demonstrates the long-term vision and dedication of both Red Bull and Projekt Spielberg to the sport. Since its return to the calendar in 2014 under Red Bull's stewardship, the Austrian Grand Prix has been widely regarded as a success. The race had been absent from the calendar since 2003, but its revival brought a renewed energy to the sport.

One significant factor in the race's popularity is the arrival of Max Verstappen with Toro Rosso in 2015. Verstappen's presence added an extra element of excitement, particularly for Dutch fans who now make up a significant percentage of the crowd. The race quickly became a must-see event for these passionate fans.

The promoters of the Austrian Grand Prix have earned praise from the Formula 1 organization for their efforts during the challenging 2020 season. In the midst of the COVID-19 pandemic, they stepped in and successfully organized two races, with the second event being named the Styrian Grand Prix. This display of flexibility and dedication to the sport further solidified their reputation as reliable partners.

F1 CEO Stefano Domenicali expressed his delight at the news, emphasizing the importance of the Austrian Grand Prix to both drivers and fans. He paid tribute to Dietrich Mateschitz, whose vision and passion made the race's continued presence possible. Domenicali looks forward to many more years of excitement and action at the Red Bull Ring.

Oliver Mintzlaff, Red Bull's CEO of corporate projects and investments, echoed Domenicali's sentiments, highlighting the positive impact of the contract extension. He emphasized the significance of the Spielberg location and its long-term strengthening. Mintzlaff also acknowledged the unique tradition of the Austrian Grand Prix, describing it as one of the most spectacular and atmospheric races on the calendar. He expressed his gratitude to the fans, teams, and drivers who have come to love the Red Bull Ring.

Overall, the announcement of the contract extension for the Austrian Grand Prix until 2030 is a testament to the enduring partnership between Red Bull, Projekt Spielberg, and Formula 1. It ensures the continuation of a beloved race and promises many more thrilling moments for fans around the world.

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