City of Barcelona halves funding for Spanish GP

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The city of Barcelona has halved its funding for the Spanish Grand Prix ahead of the next running in May.

Formula 1 first ventured to the Circuit de Barcelona-Catalunya back in 1991, and has since remained at the track in Montmelo on the outskirts of the city.

The future of the race in Barcelona had been in some doubt amid speculation that the Spanish Grand Prix could move to Valencia, before a new contract was agreed between F1 CEO Bernie Ecclestone and circuit officials earlier this year.

However, following a change in leadership of the city government, the state contribution to fund the Spanish Grand Prix has been halved from €4 million to €2 million ahead of the 2016 event.

Mayor Ada Colau had previously warned that if elected she would go ahead with a cut of the subsidy, which was confirmed to El Confidencial by her deputy, Gerardo Pisarello, on Wednesday.

“Formula 1 is not a priority,” Pisarello said, before going on to confirm that the state would not completely pull the plug on its funding for fear of negatively impacting the race.

Pisarello did however say that this decision was a step towards making the race “becoming self-sufficient, little by little”.

The 2016 Spanish Grand Prix is due to take place on May 15.

Santino Ferrucci will drive No. 14 for AJ Foyt Racing full time in 2023 IndyCar season

Santino Ferrucci AJ Foyt
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Santino Ferrucci will return to full-time racing in the NTT IndyCar Series next season, joining AJ Foyt Racing.

Ferrucci had made eight IndyCar starts with three teams since his last full-time season in 2020 while also racing part time in the NASCAR Xfinity Series this year.

He will drive the storied No. 14 Dallara-Chevrolet for four-time Indy 500 winner A.J. Foyt’s team, which will field the car from its Waller, Texas headquarters.

“It’s incredibly exciting to be back in the INDYCAR Series full time,” Ferrucci said in a team release. “Being a part-time driver over the last two years has been hard for me, personally. I’m a race car driver, and I want to compete. Working with different teams has been exciting, and I’m proud that no matter which car I’ve raced, I’ve always shown speed and consistency. I couldn’t be more excited to join AJ Foyt Racing in the 14 Chevy. I can’t wait to make the best of it.”

Ferrucci, 24, had finished a career-best fourth in IndyCar four times, including the 104th Indy 500 in 2020. He was the 2019 Indy 500 rookie of the year with a sixth.

In nine Xfinity starts since 2021, Ferrucci has a career-best finish of 13th at Las Vegas Motor Speedway.

“I am thrilled to welcome Santino to the team,” Larry Foyt said in a release. “He’s shown a knack for getting toward the front of the field, and I think he is a racer who moves forward on race day. A.J. sees the fire in him and has enjoyed their meetings together. I think Santino’s experience will help his rookie teammate as well, so he is a great addition to our roster.”

Ferrucci will be teamed at AJ Foyt Racing with Benjamin Pedersen, who finished fifth in the 2022 Indy Lights standings. The team has yet to specify the number for Pedersen’s entry, which will be fielded out of its Indianapolis race shop.

Foyt’s two full-time drivers last season were Dalton Kellett and Kyle Kirkwood, who is moving to Andretti Autosport.