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Future of Hungarian Grand Prix in doubt

The Hungarian Grand Prix – a mainstay of the Formula 1 calendar since 1986 – could be set to become the latest victim of the global recession, with question marks over the event's continued presence on the schedule beyond the expiry of the current contract in 2012.

The Hungaroring – situated approximately half an hour outside of the capital of Budapest – made history as the first circuit from behind the Iron Curtain to welcome the top flight when it first did so 23 years ago, and though the track has been much criticised for its paucity of overtaking opportunities and consequent lack of action in the races, it has remained a fixture ever since.

Last year it is understood that race promoters agreed to an extension of the existing deal with F1 commercial rights-holder Bernie Ecclestone until 2016, but according to Hungarian economics and political daily newspaper Vilaggazdasag, the government is now calling into question its ongoing support of the grand prix, with a general lack of funds and the weakening of the country's currency amidst the worldwide credit crunch.

The race is unlikely to disappear before 2012, as race fees are payable regardless of whether the grand prix is staged or not.


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Piercarlogassolini - Unregistered

May 28, 2009 4:57 PM

Where will it end? It's a long way from ending, and to be honest it's only 'true F1 devotees' who are bothered - the many hundreds of millions who only notice f1 from 12:45 gmt til 2:45 gmt every other sunday quite frankly couldn't care less where the GP's are held. They are held on a TV screen as far as they are bothered. The Hungarian GP will be for me the scene of the most heartbreaking ever GP, Damon Hill coming within a lap of winning for Arrows.

andrewm

May 28, 2009 6:43 PM

Much that I am not a major fan of the Hungaroring as it is usually a high speed procession but it is a unique challenge and can produce an unusual result (Buttons first win?). This is just Bernie trying to move to far eastern / middle east tracks were his expenditure is low and the profits are high. Basically, he'll just take F1 to whichever oil baron etc which will offer him the most. If he gets rid of Spa and / or Interlargos I will cry! Why not get rid of Monaco, Valencia and Singapore and bring back some real circuits like the old Hokenheim, Argentinia, Mangy Cours. Bernia, you're as bad as Max!



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