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Study reveals $506.3m benefit to Baku through F1 race

A study has shown there has been a $506.3m benefit to the city of Baku since the inception of the Azerbaijan Grand Prix in 2016. The study, which was commissioned by Baku City Circuit (BCC), looking into the economic growth the city has enjoyed as a result of holding the grand prix. The report – analysing the 2018 and 2019 races, was compiled by PricewaterhouseCoopers (PwC), and follows on from the research conducted after the races in 2016 and 2017. The $506.3m total comes from the spending associated with bringing the race to Baku, which covers accommodation, catering, telecommunications and others. As a direct result of the race being held in Baku, a number of sectors have...
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