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Motorsport Week

Belgian GP records £4.7m loss in 2011

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14 years ago
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The Belgian Grand Prix has continued to make a loss, following the announcement of its latest financial figures by the local government.

The event, held at the famous Spa-Francorchamps circuit in the Ardenne forest, has failed to turn a profit in recent years, and the 2011 grand prix was no different.

According to the latest figures, the event made a loss of £4.7 million (€5.5m), though that figure is down on 2010 by an estimated £430,000 (€500,000).

Ticket sales also fell compared to 12 months ago. 45,000 fans attended the race, compared to 48,000 in 2010, though greater revenues in other areas made up for the drop.

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The loss is expected to renew calls for the event to rotate with the French GP, which was dropped from the calendar in 2008, but is expected to make a comeback in the near future at the Paul Ricard circuit.

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