Hungaroring boss says money is needed for upgrades 19 January, 2014 Hungaroring pit lane and garages The Hungaroring needs an urgent cash injection of more than €3 million to bring the track up to standard. That is the claim of the Budapest track’s boss Zsolt Gyulay, despite the fact the Formula 1 circuit renewed its contract to annually host the Hungarian Grand Prix, just last year. But Gyulay told Hungarian television and the state news agency MTI that the Hungaroring needs money immediately in order to comply with its modernisation plan, beginning in 2014. “The Hungaroring was built in 1985, so the modernisation can no longer be postponed,” he said. Gyulay said that the necessary works are to the electrical and drainage systems, and the quality of the asphalt. (GMM) Subbed by AJN. Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.