The sale of tickets for F1 has brought to Azerbaijan only 2% of spending on the “royal racing" in the center of Baku.
Youth & Sports Minister Azad Rahimov of Azerbaijan made a statement that the country spent approximately AZN 100 million on the holding of the European Grand Prix in the F1 class in Baku and received almost AZN 2 million from the sale of tickets.
"Only 30% out of the sold tickets account for foreign buyers and the remaining 70% for local residents. The country’s hotels are numbering 12,000-14,000 rooms. One can hardly say all the available hotel rooms have been filled, but the rooms in the hotels that are located along the route of racing, have been sold," the minister said.
Totally 18,500 tickets were printed, but not all of them have been sold to date.
"I think already next year we’ll be able to cover costs due to both ticket sales and indirect tax revenues from the sale of hotel rooms, transport and other expenses of guests," Rahimov said.
http://abc.az/eng/news/96758.html