Hungary set to sign 10-year MotoGP, Superbike contracts

Deals

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Hungary's government has mandated the necessary measures to sign 10-year contracts to host MotoGP and Superbike races with rights holder DORNA from 2023 in a resolution published in the latest issue of the official gazette Magyar Közlöny, according to a report by state news wire MTI.

The resolution sets the hosting fee for the MotoGP race at a maximum EUR 9,000,000 in 2023 and caps annual increases at 5%. It sets the hosting fee for the Superbike race at a maximum EUR 900,000 in 2023 and caps annual increases at 3%. 

The government decided in June to build a Grand Prix motorcycle race track to host MotoGP contests from 2023. The track, complete with service facilities, a training center, conference center and hotel, will be constructed at a cost of HUF 65 billion on the outskirts of Hajdúnánás (about 183 km east of Budapest).

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