City of Brno To Provide Further Financial Support For The Moto GP
Councillors approved a proposal to provide a compensation payment of CZK 10 million to the Grand Prix Czech Republic Brno Association, with a further CZK 5 million going into reserve for the association. Photo: Press conference about the future of Moto GP in December 2018. // Credit: MMB.
Brno, Apr 9 (BD) – The compensation payment will cover the difference between the association’s costs and revenues in organising the event, fulfilling their public service obligation. The reserve funding is intended to put the association on a secure financial footing in the future.
The GP ČR Brno Association, whose members are the City of Brno, the South Moravian Region, TIC Brno and the Tourist Authority of South Moravia, has been organizing the Czech Moto GP in Brno since 2016. This week, they endorsed a plan to support this year’s GP with CZK 25 million.