The Austrian Grand Prix is set to stay on the Formula 1 schedule until 2041 after a long-term extension for the race at the Red Bull Ring.

Formula 1 has announced a new long-term contract for the Austrian Grand Prix with the Red Bull Ring staying on the calendar until 2041. It means the Austrian circuit joins Miami in being the only circuits with a contract which runs until the 2040s, as the Florida venue recently secured an extension until 2041, too.

The Austrian Grand Prix will remain on the Formula One calendar through to 2041 following a long-term extension to its contract, F1 said in a statement ahead of this year's race on Sunday. "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,