Austrian Grand Prix secures future with new long-term deal

The Austrian Grand Prix has become the latest race to sign a long-term contract with Formula 1, keeping the race until 2041 inclusive.

The Red Bull Ring has been home to the event since 2014, and also stepped in as host of multiple races during the COVID-hit seasons in 2020 and 2021. Continuing a trend of F1 agreeing long-term deals with certain venues on the schedule, the race in Austria will remain on the calendar for the next 16 years, matching Miami’s deal that also runs until 2041 and was announced earlier this season.

“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,” F1 CEO and president Stefano Domenicali said. “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.

“I want to extend my sincere thanks to Mark Mateschitz and Thomas Überall and his team for their unwavering dedication to excellence, and to our incredible Austrian fanbase, whose enthusiasm and loyalty continue to elevate this iconic race.”

The Red Bull Ring benefited from major investment from former Red Bull co-owner Dietrich Mateschitz – who passed away in 2022 – and his son Mark has continued to back the commitment to the track, with the circuit also saying it will now be able to trigger further investment in infrastructure.

“I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come,” Mateschitz said. “I am proud to continue my father’s legacy and to preserve the rich history of motor racing in Styria and at the Red Bull Ring – with and, above all, for the people of the region.

“Austria’s close ties to Formula 1 are an excellent foundation for our long-term partnership. Working together, we intend to continue this success story for many years to come.”