Source:
REUTERS/HAMAD I MOHAMMED
[Saba
Sports News] According to reports from foreign media, the Spa-Francorchamps
circuit, which hosts the Belgian Grand Prix in Formula 1 (F1), is facing a
crisis that could lead to its demolition. The circuit has been experiencing
financial losses over the past three races, raising concerns about its future
as part of the F1 calendar. Despite having ticket prices among the highest
compared to other European events, Spa-Francorchamps has struggled to generate
sufficient revenue. The circuit has a rich history in F1, dating back to 1950.
However, rising operating costs pose a significant challenge. The hosting costs
are expected to increase from €23.5 million in 2023 to €28 million in 2025 and
beyond. Located in Spa, Belgium, approximately an hour’s drive from Brussels,
the Spa-Francorchamps circuit first opened in 1924. It is renowned worldwide
for its challenging nature, featuring tight and fast corners, as well as
high-altitude sections. The circuit poses a unique and demanding experience for
drivers and race engineers alike. Additionally, the natural beauty of the
surrounding environment attracts numerous fans to witness the races. The 2024
F1 Belgian Grand Prix at Spa-Francorchamps is scheduled to take place from
August 2 to 4.