Austria to stay on Formula One calendar until 2027

AFP

Formula One announced it has signed a four-year contract extension to keep the Austrian Grand Prix on the calendar until 2027.

The Austrian Grand Prix returned to Formula One in 2014, and the existing contract was due to run out after this year’s race at the Red Bull Ring in the mountainous setting of Spielberg on July 2.

"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," Formula One President and CEO Stefano Domenicali said. 

More from Sports

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.