As we all know only too well, motorsport has ground to a complete halt as a result of the Coronavirus outbreak. It’s rubbish for us, but much worse for the teams involved in the sport – no racing means no money, and that can only last so long. Luckily Dorna Sports has secured what they call ‘considerable advance payments’ for independent teams in MotoGP as well as teams in Moto2 and Moto3.
Here’s what Dorna said about the financial support:
The ongoing coronavirus outbreak is affecting many people, industries and sports across the world, including the MotoGP World Championship.
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With the agreement of the FIM and the full commitment from shareholders Bridgepoint Capital and CPP Investments, Dorna Sports has been able to assure help for MotoGP Class Independent Teams through this difficult moment in the history of the sport, as well as teams in the Moto2 and Moto3 classes.
Through the International Road-Racing Teams Association, MotoGP Independent Teams will each receive considerable advance payments during the months of April, May and June, irrespective of whether activity is restarted or not. This is in order to guarantee the economic well-being of the Independent Teams and their staff, as well as to secure their subsistence for the future.
In addition, IRTA has already made payments to all Moto2 and Moto3 teams to support them during this difficult period. Further measures for the intermediate and lightweight class teams will be considered in due course.