The Cancellation of the Termas de Río Hondo Motorcycle Grand Prix: Economic and Sporting Impact in Argentina

2024-02-01 03:07:32

The news of the cancellation of the Termas de Río Hondo motorcycle Grand Prix became a hard blow for the national sport. The suspension of the event that was expected for April cuts, in this way, a significant tradition in Argentine motor sport that had already achieved that this competition is considered traditional within the motorcycling calendar. Although the International Motorcycle Federation chose to use the phrase “current circumstances in Argentina” in the statement, the truth is that a direct tradition to that statement is: the lack of economic support from the National Government for the competition. Of course, this decision not only affects the sporting level, but also a sector that has already taken the event as a main part of the economic support of the region.

From its first edition in 2014 to the present -except for the pandemic-, the Grand Prix in Santiago del Estero was carried out without any problems until it became a traditional race on the motor calendar, even becoming the second place in sports. of wheels in South America only located behind the Formula 1 Grand Prix in Brazil. Even so, the National Government, under Javier Milei’s favorite slogan of “there is no money”, decided not to give financial support to the organization for the development of the competition, but also not to provide the necessary logistical support. Even the OSD company that organizes the event assured: “The Organization of the Grand Prix of the Argentine Republic of MotoGP regrets to inform that, as a consequence of the lack of compliance with the contractual obligations assumed by the National Institute of Tourism Promotion (an organization today dependent of the Ministry of the Interior of the Nation) that are essential for the realization of the Grand Prix in the Argentine Republic, it has been decided to cancel the scheduled date of the event, which was to take place at the Termas de Río Hondo International Circuit.”

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Regarding the non-compliance, as far as he was able to find out The uncovering, Beyond the lack of financial support, there was also the need for logistics and planning to carry out the event taking into account the needs of a race of these characteristics which, among other things, include the participation of areas such as Customs. In fact, the main anger was also due to the difficulty of having an interlocutor with the National Government to carry out the talks that were key to the development of the event. “There were no people to talk to, they left everything alone”was one of the most recurring sayings in talks that this medium had with different organizers.

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The cancellation of the Moto GP was to be expected with respect to the history with other similar competitions. For example, the date of the Motocross World Championship in Villa la Angostura, which needs much less money, was one step away from being canceled in Neuquén, but finally a group of businessmen managed to raise financing and with the help of the Province of Neuquén, finally , it is going to be done. However, its continuity for next year is by no means guaranteed.

Beyond the sporting situation, the suspension of the date in April has as a consequence a serious economic impact. The Hotel and Gastronomic Business Chamber of Termas de Río Hondo, which had 90% of the occupancy reserved, issued a harsh statement in which it stated: “The complete lack of economic support, political and institutional will of the National Government, for the realization of this international event, harms the economy in our city and in the entire Northern Region of the country in the generation of employment sources directly and indirectly. The “Suspension of the event, which attracts more than 180,000 spectators, will have a severe impact and collateral damage that is unusual in our sector.” And, in addition, he indicated: “The cancellation of the MOTO GP will cause the loss of more than 2,000 jobs in the hotel and gastronomic area of ​​Termas de Río Hondo.”

According to Inprotur data, in 2023, it left an economic impact greater than the $5.1 billion between hotels, gastronomy and leisure, and more than 30 thousand hotel beds. It is worth saying that, in this sense, in 2023 the test was witnessed by 186,759 thousand spectators, who filled the circuit during the days of activity.

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