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Saturday, February 4, 2023

Navarra Circuit is left without a director after the sale of facilities

The Navarra Circuit is looking for a new director. In late October 2022, Javier de la Fuente, appointed director of the circuit in September 2020, left his position only a month after the facility changed ownership, Until then controlled by the Foral Administration of Navarre.

Motor Sport Vision bought the circuit in September for 7 million euros. new management company Haven’t appointed a new CEO yetHowever the circuit is already being managed by a company based in Longfield (UK).

from the source, who replaced Moncho Urdín as director of the Navarra circuit, held the position of director of operations at the Navarra Arena prior to entering the circuit. Currently, it has become part of Nicdo, the public company of the Government of Navarra for culture and sports infrastructure, as strategic project manager,

Biscayne achieved in 2021 that the Mundial D Superbikes Arrived at the Navresi circuit for the first time in its history. The grand prize includes hiring an average of 500 people a day, as well as increasing capacity from 2,500 available seats to 5,000.

In addition to the Motorcycling World Championship, the Navarra circuit hosted fourteen races of different sporting modes, training sessions for private teams, presentations of competition vehicles and tests, among other activities.

Navarra-owned layout of the Culture, Sports and Leisure Infrastructure (NICDO) until September of this year It was already managed by a private company Between 2014 and 2019, Los Arcos Motorsport.

Motor Sport Vision is the new owner of the circuit owns six circuits in the UK: Brands Hatch (over €15 million in annual revenue), Donington Park (over €16 million in annual revenue), Oulton Park (around €8 million in revenue), Snetterton (6.4 million euros in revenue), Caldwell Park (4.4 million Euros in revenue) and Bedford Autodrome, which has over 10 million Euros in annual revenue. It has an annual turnover of more than 60 million euros and all of its circuits have very high occupancy rates, with more than 90% of days busy.

For its part, Navresi Track almost closed the 2021 financial year revenue of 1.7 million of euro after submission 1.5 million euro budget, For the current financial year, the Circuito de Navarra operates with a budget of 1.5 million euros, of which 60% is divided into track rental, 20% on various competitions and 10% from karting and its own events.

The circuit measures 3,933 meters and has areas in which a variety of speed sports are practiced, such as karting, off roadSliding Zone and Speed ​​Circuit, among others.

Inaugurated in 2010 with an initial investment of 52 million Euros, this figure rises to 67.8 million Euros when taking into account other maintenance expenses, a loss of 28 million Euros since its start-up and any The number of blacks is not recorded in the year.

World Nation News Desk
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