Latest news with #MarkMateschitz
News18
13 hours ago
- Automotive
- News18
Austrian GP Agrees To Long-Term Extension With F1
The circuit in Spielberg is set to feature in the Formula One race calendar up until the year 2041. The Austrian Grand Prix extended its contract with F1 as the circuit in Spielberg will feature in the race calendar up until the year 2041 on Sunday. 'I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come," Mark Mateschitz, son of the late Dietrich, who helped fund the return and rebrand of the race at Spielberg in 2014 following an 11-year absence, said. 'I am proud to continue my father's legacy and to preserve the rich history of motor racing in the region of)Styria and at the Red Bull Ring – with and, above all, for the people of the region," he added. '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." Austria had already secured a contract until 2030 two years ago, and the recent extension now places it alongside the Miami Grand Prix as the only F1 events with agreements extending into the 2040s. The Austrian Grand Prix has strong ties to Red Bull's presence in F1. This follows a trend in F1 of securing unusually long-term contracts for certain circuits, planning well into the future. Earlier this month, the Canadian Grand Prix was extended to 2035, while Miami received its extension through 2041 last month. Other Grands Prix with contracts lasting more than a decade include Bahrain, which secured a deal in 2022 valid until 2036, and the Australian Grand Prix in Melbourne, which has an agreement through 2037. Location : Austria First Published: June 29, 2025, 16:33 IST
Hans India
14 hours ago
- Automotive
- Hans India
Formula 1 to race in Austria through to 2041 with new extension
Spielberg (Austria): The iconic Austrian Grand Prix will remain on the F1 calendar through 2041 inclusive, following the long-term extension of Formula 1's contract with promoter Projekt Spielberg GmbH & Co KG. The Austrian Grand Prix boasts a long and prestigious history in Formula 1, having appeared on the calendar 37 times, with the first race taking place in 1964. The Red Bull Ring, situated in the Styrian mountains, first hosted the event in 1970 and offers one of the most picturesque settings for a Formula 1 race, with drivers navigating the 4.3 km circuit known for its elevation changes and mix of high- and low-speed corners that encourage wheel-to-wheel battles. The circuit dropped off the calendar in 2004, but in 2010 the late Dietrich Mateschitz invested in the Red Bull Ring, funding renovations that revitalised the facility and led to its return in 2014. Since then, the race has become a favourite among fans and drivers alike. A roll call of greats from Formula 1's 75-year history have taken the top step in Austria, including Alain Prost, Niki Lauda, Michael Schumacher and Alan Jones. Stefano Domenicali, President and CEO of Formula 1, said, "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. "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 Uberall 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." Four drivers from the current grid have also claimed victory in Austria. Max Verstappen, Lewis Hamilton, Charles Leclerc and George Russell have all triumphed at the Red Bull Ring, with Verstappen holding the record for the most wins on five (four under its guise as the Austrian Grand Prix and once when it featured as the Styrian Grand Prix in 2021). Mark Mateschitz added, 'I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come. 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.' Thomas Uberall, General Manager of the Red Bull Ring, said, 'This long-term commitment to us by Formula 1 is a great honour and a wonderful challenge that we are happy to undertake on behalf of the fans and the Murtal region. "The new contract is of inestimable importance for the future. The long-term security of the Austrian Grand Prix will trigger further investment in infrastructure and means tremendous added value for the Murtal region, for Styria and for Austria."
Hamilton Spectator
15 hours ago
- Automotive
- Hamilton Spectator
Austria to stay on Formula 1 calendar through 2041 after contract extension
SPIELBERG, Austria (AP) — The Austrian Grand Prix is set to stay on the Formula 1 schedule until 2041 after a long-term extension was announced Sunday for the race at the Red Bull Ring. Austria already had a contract through 2030, agreed two years ago, and the new extension sees it match the Miami Grand Prix as the only F1 events contracted into the 2040s. The Austrian Grand Prix is closely connected with Red Bull's presence in F1. The Red Bull company's co-founder, Dietrich Mateschitz, who died in 2022, funded the renovations that allowed it to return to the calendar in 2014 after an 11-year absence, and rebranded it as the Red Bull Ring. 'I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come,' his son Mark Mateschitz said in a statement Sunday. 'I am proud to continue my father's legacy and to preserve the rich history of motor racing in (the region of) 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.' It continues a trend by F1 of planning for decades to come with unusually long deals for certain circuits. The Canadian Grand Prix was extended to 2035 earlier this month, while Miami got its extension through 2041 last month. Other Grands Prix with more than a decade to run on their contracts are Bahrain, which agreed a deal in 2022 that is valid through 2036, and the Australian Grand Prix in Melbourne has an agreement through 2037. ___ AP auto racing:
Winnipeg Free Press
15 hours ago
- Automotive
- Winnipeg Free Press
Austria to stay on Formula 1 calendar through 2041 after contract extension
SPIELBERG, Austria (AP) — The Austrian Grand Prix is set to stay on the Formula 1 schedule until 2041 after a long-term extension was announced Sunday for the race at the Red Bull Ring. Austria already had a contract through 2030, agreed two years ago, and the new extension sees it match the Miami Grand Prix as the only F1 events contracted into the 2040s. The Austrian Grand Prix is closely connected with Red Bull's presence in F1. The Red Bull company's co-founder, Dietrich Mateschitz, who died in 2022, funded the renovations that allowed it to return to the calendar in 2014 after an 11-year absence, and rebranded it as the Red Bull Ring. 'I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come,' his son Mark Mateschitz said in a statement Sunday. 'I am proud to continue my father's legacy and to preserve the rich history of motor racing in (the region of) 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.' Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. It continues a trend by F1 of planning for decades to come with unusually long deals for certain circuits. The Canadian Grand Prix was extended to 2035 earlier this month, while Miami got its extension through 2041 last month. Other Grands Prix with more than a decade to run on their contracts are Bahrain, which agreed a deal in 2022 that is valid through 2036, and the Australian Grand Prix in Melbourne has an agreement through 2037. ___ AP auto racing:
Al Arabiya
15 hours ago
- Automotive
- Al Arabiya
Austria to Stay on Formula 1 Calendar Through 2041 After Contract Extension
The Austrian Grand Prix is set to stay on the Formula 1 schedule until 2041 after a long-term extension was announced Sunday for the race at the Red Bull Ring. Austria already had a contract through 2030 agreed two years ago, and the new extension sees it match the Miami Grand Prix as the only F1 events contracted into the 2040s. The Austrian Grand Prix is closely connected with Red Bull's presence in F1. The Red Bull company's co-founder, Dietrich Mateschitz, who died in 2022, funded the renovations that allowed it to return to the calendar in 2014 after an 11-year absence and rebranded it as the Red Bull Ring. 'I am delighted that Formula 1 will remain at the Red Bull Ring for many years to come,' his son, Mark Mateschitz, said in a statement Sunday. 'I am proud to continue my father's legacy and to preserve the rich history of motor racing in (the region of) 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.' It continues a trend by F1 of planning for decades to come with unusually long deals for certain circuits. The Canadian Grand Prix was extended to 2035 earlier this month, while Miami got its extension through 2041 last month. Other Grands Prix with more than a decade to run on their contracts are Bahrain, which agreed a deal in 2022 that is valid through 2036, and the Australian Grand Prix in Melbourne has an agreement through 2037.
