F1 to race at Austria until 2027

The Red Bull Ring has hosted F1 races since 2014, having previously held the Austrian Grand Prix from 1997-2004 (as the A1 Ring), and as the Österreichring, from 1970 to 1987.

After the success of its F1 team, Austrian firm Red Bull bought the circuit and renovated it up to modern Formula 1 standards. The circuit has been a fixture on the calendar since its return, even hosting two races to restart the truncated 2020 season, and is due to host a Sprint race this year.

The new contract will mean that the Austrian race will continue until 2027, and comes after the circuit became a central point for thousands of Dutch Max Verstappen fans to congregate.

F1 CEO and president 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.

"As we celebrate the 10^th year since our return to Spielberg, I would like to thank everyone involved in this renewal, especially the promoter and Red Bull.

"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.”

Race promoter Erich Wolf added: “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."