MX23RW : Friday, October 30 16:29:47| >> :600:1327627:1327627:

Portimao paying 'much lower' price for F1 race

Portimao paying 'much lower' price for F1 race
© Reuters
Portimao is paying a "much lower" price for joining the Formula 1 calendar in 2020.

Portimao is paying a "much lower" price for joining the Formula 1 calendar in 2020.

The Portuguese circuit, set to host its first ever grand prix next weekend, is one of several venues drafted in this year to fill the calendar gaps amid the corona crisis.

"Each race in Europe costs EUR 30-50 million, but our numbers, which are under contract and not public, are much lower," said Paulo Pinheiro, the race promoter.

Liberty Media is picking up the tab this year to keep the sport's wheels turning, but F1 CEO Chase Carey insists next year's race schedule will hopefully be "closer to normal".

However, Pinheiro is still confident the Portuguese circuit can have a future in Formula 1.

"There are many circuits with contracts, but the possibility of introducing a rotation of races allows us to dream," he told the Portuguese source A Bola.

"Our circuit is attractive and the grand prix is generating a lot of expectations," Pinheiro added.

"We are complying with the schedule and the specifications, which are complex and demanding. We have replaced the asphalt and installed new signage, bridges and kilometers of cables," he smiled.

"Our team is only 55 people but we are highly motivated to fulfil the dream of a lifetime."

ID:418415:cQx

Click here for more stories about Chase Carey

Share this article now:
Did you know...?
Chase Carey pictured in March 2020
Read Next:
Carey says F1 race deal reached with Rio de Janeiro
>
Latest Sports Video
Read more about Formula 1

rhs 2.0
Todays Game Header Right
Premier League
Championship
Six Nations
Scottish Premiership
La Liga
Serie A
Bundesliga
Ligue 1
Eredivisie
Primeira Liga
League One
League Two
National League
National League North
National League South
Scottish Cup
Scottish Championship
Scottish League One
Scottish League Two
Turkish Super Lig
Belgian Pro League
Greek Superleague
Swiss Super League
Russian Premier League
Ukrainian Premier League
Norwegian Eliteserien
Danish Superliga
Finnish Veikkausliiga
NIFL Premiership
Welsh Premier League
Belarusian Premier League
Segunda Division
Serie B
2.Bundesliga
Ligue 2
Eerste Divisie
Major League Soccer
Brasileiro
Argentine Primera Division
Uruguayan Primera Division
Liga MX
Chinese Super League
J1 League
Rugby Championship

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!