Azerbaijan’s revenues from Formula 1 races revealed

  15 January 2020    Read: 976
  Azerbaijan’s revenues from Formula 1 races revealed

The Formula 1 Azerbaijan Grand Prix competitions, which were held in Baku in 2016-2019, brought the country $506.3 million worth of revenues, Nigar Arpadarai, head of Marketing and Communications Department of Baku City Circuit Operations Company (BCC), said at a press conference in Baku on the results of Formula 1 races, AzVision.az reports citing Trend.

Arpadarai noted that this figure goes for both direct and indirect revenues, which consist of expenses of Baku guests who came to watch the races.


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