Global Motorsports Spending To Total $5.58 Billion In 2016

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Global Motorsports Spending To Total $5.58 Billion In 2016

Global spending on motorsports sanctioning bodies, teams and tracks is expected to total $5.58 billion in 2016, a 2.8 percent increase from 2015, according to IEG research.

Declining viewership has significantly impacted corporate interest in F1, but overall interest in motorsports remains strong.