REUTERS/Leonhard Foeger
[Saba Sports News] Just before the F1 Austrian Grand Prix, F1 officials announced that the Austrian Grand Prix will remain on the F1 calendar until 2041. The Austrian Grand Prix has long been a special event in F1, with a rich history and unique track charm, providing fans with exciting racing experiences. Extending the contract to 2041 helps maintain the stability and continuity of the F1 calendar, preserving the tradition of the sport and ensuring that fans can look forward to the speed and excitement each year. This long-term agreement is the result of a successful partnership between F1 and the Austrian event promoter, Projekt Spielberg GmbH & Co KG, demonstrating mutual trust and recognition. A long-term contract provides a stable platform for sponsors, attracting more companies to invest in commercial partnerships related to the F1 Austrian Grand Prix, including track advertising, team sponsorships, and merchandise development, enabling better long-term planning and financial support to maximize the commercial value of the event.