Report: Circuit de Barcelona-Catalunya gets €50.9m budget for 2022

Circuit sees 6% budget increase on 2021.

Report: Circuit de Barcelona-Catalunya gets €50.9m budget for 2022

Getty Images

  • Pandemic caused budget deficit of €1.34m
  • F1 and MotoGP events expected to be circuit's largest of 2022

Circuit de Barcelona-Catalunya, venue of Formula One's Spanish Grand Prix, has revealed its 2022 budget will be €50.9 million (US$58.2 million), an increase of six per cent year-on-year (YoY), according to Expansión.

This increase follows the impact of the pandemic, which generated a budget deficit of €1.34 million (US$1.5 million).

Looking to 2022, Circuit de Barcelona-Catalunya has announced that it will accommodate all 14 races scheduled in addition to commercial operations in Italy, Portugal and Belgium to strengthen the brand.

Circuit de Barcelona-Catalunya's largest events in 2022 will be the Formula One Spanish Grand Prix and MotoGP's Catalunya Grand Prix, which are expected to sell over 114,000 tickets.

Although the Formula One 2022 Spanish Grand Prix is currently scheduled to take place on 22nd May, the contract is yet to be officially confirmed by the series.

Additionally, Formula One will also run its pre-season test at the venue from 23rd to 25th February 2022, for which Circuit de Barcelona-Catalunya has obtained €25 million (US$28.6 million) from the Catalan government to host, according to Expansión.

Barcelona's city council injected €500,000 (US$572,000) in January 2021 for the circuit's development and the international promotion of the brand in the motorsport industry.