MotoGP has restructured its contract with the Aragon government to continue racing at MotorLand until 2026.
Contract:
- MotoGP will now race at the circuit uninterrupted until 2026
- The expanded deal will require an additional investment of €8 million (US$8.6 million) from the local government
Context:
The previous contract, agreed in 2022, stipulated that Aragon would host three Grands Prix over five years. However, after the event dropped off the calendar in 2023, the current arrangement only allowed for two races between 2024 and 2026. The restructuring of the deal means a new contract will have to be agreed after 2026.
A study on the economic, reputational, and projection impact of MotorLand Aragon, conducted by the Aragon Institute of Development, determined that MotoGP benefits the region to the tune of €47 million (US$50.6 million).
Comment:
Motorland Aragon will host #MotoGP for the next three years! ✅
— MotoGP™🏁 (@MotoGP) April 2, 2024
Full story here 📰#AragonGP | ARTICLE 👇https://t.co/0LKXJGYU82
Coming next:
Aragon will next host MotoGP later this season from 30th August to 1st September.
Go deeper:
- MotoGP on the market: Does the series’ commercial performance justify a US$4bn valuation?
- F1 owner Liberty Media acquires MotoGP in €4.2bn deal
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