After the financial difficulties that have recently dogged the Jerez Circuit, at last there is some good news. Today, the Andalucian State Government announced that it would be underwriting the Spanish MotoGP round at Jerez for the next five years, guaranteeing its future until 2016.
The future of the race had been uncertain. Despite being probably the best attended MotoGP event, and one that rates as one of the must-visit races for MotoGP fans around the world, a financial dispute with contractors had threatened to disrupt the event. As reported earlier this month, the assets of the circuit have been frozen by a local court, after the circuit failed to make outstanding payments owed to the consortium that carried out construction work on the track to improve safety in 2005. That dispute is still unresolved, though information on the status of negotiations is scarce, a situation which has raised the hackles of local politicians, though the event enjoys the backing of almost every party in the region, due to the publicity the event generates.