< Back to all clusters
[SPORTS] · Austria · 2 sources

started · updated

Red Bull Ring to receive 25 million euro investment for facility expansion

Red Bull Group founder Mark Mateschitz is investing an additional 25 million euros into the Red Bull Ring to modernize the circuit facilities. This new funding, combined with previous investments, brings the total recent expenditure to approximately 50 million euros.

The expansion includes the construction of a new 250-meter-long glass-walled rooftop terrace atop the pit building, replacing temporary VIP facilities used during Formula 1 events. The project is part of a long-term agreement to host the Austrian Grand Prix through 2041, which includes provisions for facility modernization.

Construction on the pit building expansion has already begun, with completion scheduled before the 2027 Austrian Grand Prix.

Entities

Mark Mateschitz · Red Bull Group · Red Bull Ring