Catalonian and Valencian governments questioning the economics of hosting MotoGP

It may be just a coincidence that Dorna’s CEO Carmelo Ezpeleta during his press conference at the Wrooom event mentioned that in the near future there will no longer be four Grand Prix events held in Spain, and the Catalan and Valencian governments are currently talking about the financial feasibility of hosting both MotoGP and Formula 1.

Spain is one of the countries in Europe who is cutting back big on public spending and The Minister of Economy and Knowledge of the Generalitat of Catalonia Andreu Mas-Colell, went on the record stating that hosting both Formula 1 and Motogp due to the difficult economic situtation that the region is currently facing has to be reconsidered.

“It’s the first thing that we rethinking, but due to the situation we have to look line by line where we are spending money,” said the Minister, who also admitted that “there are contracts that are more expensive to maintain than break.

” Even the Valencia region is discussing the idea of dropping F1 or MotoGP as they too help subsidize the races.
Spanish fans are rabid about motorsports and flock to the races and know that hosting these events brings a lot of revenue to the local economy, but they may find themselves limited to one or maybe two races in 2013 as other countries want to get on the calendar.