Barcelona slashes funding for Spanish GP

Dec.31 (GMM) Barcelona’s city council has slashed funding for the Spanish grand prix.

Local reports including by the El Confidencial and Diario Sport newspapers say the council’s contribution towards the annual race at the Circuit de Catalunya has been halved from EUR 4 million per year to just two.

It comes after new mayor Ada Colau warned in the middle of the year that “In the context of what is happening (in Barcelona), formula one is not the priority”.

Her deputy, Gerardo Pisarello, has now confirmed the 50 per cent funding slash, arguing that the amount was not reduced to zero because “an abrupt withdrawal would have damaging consequences”.

Barcelona will therefore continue to contribute in 2016, so “they (race promoters) can do a viability plan” and “this private initiative will be self-sufficient, little by little”.

Related News

  • 28/05/2015 New Barcelona mayor says F1 funding ‘not priority’ May 28 (GMM) The Spanish grand prix might be losing the backing of the city of Barcelona. At the Circuit de Catalunya's latest F1 race earlier this month, it was announced that the […]
  • 27/01/2017 No proposal for London GP yet – mayor Jan.27 (GMM) A spokesperson says London mayor Sadiq Khan has received no proposal about the possibility of a F1 street race in the city. As he took over from Bernie Ecclestone, new F1 […]
  • 05/03/2019 Assen refusing to give up on Dutch GP Mar.5 (GMM) Assen is refusing to give up on hosting a future Dutch grand prix. That is despite the fact that even the Dutch sports council says Zandvoort is the only potential venue for […]
  • 22/03/2019 Carey in Barcelona for Spanish GP contract talks Mar.22 (GMM) Negotiations to extend Barcelona's contract to host the Spanish grand prix have begun. Spanish media, including EFE news agency, say F1 chief executive Chase Carey met with […]
  • 05/05/2017 Carey wants ‘long term’ Spanish GP May 5 (GMM) New F1 boss Chase Carey says he aims to keep Barcelona on the calendar for the "long term". The Circuit de Catalunya is the sport's most used track for testing, and the […]
  • 17/07/2015 2015 Russia GP set for financial collapse Jul.17 (GMM) This year's Russian grand prix is in danger of last-minute collapse, Russian media and Germany's Frankfurter Allgemeine Zeitung newspaper report. Sochi is scheduled to host […]
  • 13/05/2019 Catalonia president steps in to save Spanish GP May 13 (GMM) Catalonia regional president Quim Torra has moved to boost Barcelona's dwindling chances of keeping the Spanish grand prix on the F1 calendar. It is widely believed that […]
  • 20/02/2019 Alonso ‘may’ attend Barcelona test – McLaren Feb.20 (GMM) McLaren says Fernando Alonso will "maybe" be trackside at the Barcelona test next week. Earlier, there was speculation the now retired-from-F1 Spaniard could actually test […]
  • 08/05/2019 Spanish GP negotiations ‘completely alive’ May 8 (GMM) Negotiations to keep Barcelona on the F1 calendar are "completely alive". That is the claim of what the Spanish newspaper Marca calls an "authorised source". Recent reports […]
  • 19/10/2018 Barcelona to host all winter tests in 2019 Oct.19 (GMM) F1 will stick with Barcelona as its exclusive winter testing venue ahead of the 2019 season. There had been suggestions the teams might agree to head to an overseas location […]