Motorland secures MotoGP until 2025. Yesterday, the Governing Council of the Junta de Aragón authorized the extension and renewal of the cont
Motorland secures MotoGP until 2025. Yesterday, the Governing Council of the Junta de Aragón authorized the extension and renewal of the contract with Dorna for the organization of the Motorcycle World Championship for five years, for which reason Motorland will host the Moto GP tests in 2022, 2024 and 2026.
Its cost will amount to 24.7 million. On the other hand, the fee it will again be eight million euros and will increase by 3% in 2024 and 2026. Likewise, the contract that is signed will maintain the same termination clause that was established in 2016, according to the Herald of Aragon, so the Executive that comes out of the next elections will be able to decide whether to continue with the event.
The Aragonese layout has planned to close 2022 with losses of eleven million euros, which represents an increase of 88% compared to the previous year, where the company planned to close with red numbers of 5.8 million euros.
Despite this, the route has increased its budget this year, having presented a budget of 3.9 million euros, which represents an increase of 17% compared to the previous year, when it was 3.3 million euros.
Motorland will spend 12.7 million euros on operating expenses
Ciudad del Motor is part of the Corporación Pública Empresarial de Aragón (Cepa) group, with the Corporación Empresarial Pública de Aragón being its main shareholder, with a stake of 86.87%. The rest of the capital is distributed between the Provincial Council of Teruel and the City Council of Alcañiz, with a participation of 6.56% each at the end of 2020.
The main item that contributes to the losses of the route lies in operating expenses, which in 2022 will rise to 53%, up to 12.7 million euros. Within this item is the payment of the aforementioned fee to the Dorna Sports company for hosting a MotoGP Grand Prix.
Looking ahead to the year that has just begun, Ciudad del Motor has estimated investments worth 1.5 million euros. These translate into resurfacing of the curves, the cost of which will amount to one million euros, the diagonal adaptation, with an amount of 254,000 euros and the renewal of the vehicle fleet, the cost of which will be 250,000 euros.
In 2022, Motorland Aragón plans to allocate 2.1 million euros to its sixty workers, which represents an increase of 16.6% compared to 2021. On the other hand, the Government of Aragón will grant an operating subsidy worth 2 .5 million euros, while the Public Business Corporation of Aragon will extend aid of five million euros.