Spanish GP in danger due to Liberty Media fee

Date published: December 15 2019

Spanish-GP-Barcelona-start-lap-1-2019-PA

Barcelona has revealed that it needs “help” if it’s to find the money to host a Spanish GP beyond 2020.

The Spanish GP, held at the Circuit de Barcelona-Catalunya, had been in danger of dropping off the calendar at the end of 2019, but the race was ultimately granted a new deal.

That agreement is up again after 2020 though, and it seems that finding the fee to pay Liberty Media for the event is proving a bit tricky with track boss Vincenc Aguilera targeting a new deal that runs for “three, four or five years”.

Speaking to the Spanish media, he said: “I want to say that we all have the will for F1 to continue in Barcelona.

“To continue, we need help, and this has come from the Generalitat, the city council, the Diputacion de Barcelona, and in the month of June we have to bring it to the level of what we have to do with Liberty Media.

“We signed on August 23 [for 2020] when the term expired in July, but I still cannot imagine Barcelona without Formula 1.

“When it comes to a long and complex negotiation like last year, we cannot say that this time it will be easy. But we are in the beginning and we are always very open with Liberty Media.

“If Barcelona loses F1, apart from the impact it would have locally, it is clear that it devalues the circuit from the point of view of the people who come to test here, to race here, to be here.

“It may force us to do several things we do not want to do.

“If you play in the Champions League you are a reference for the world, but if you don’t, you’re in the Segunda (second) Division.”

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