The Jerez de la Frontera circuit is set to remain on the MotoGP calendar for at least another five years after the local government agreed a new contract with Dorna Sports.
The venue had been faced with the threat of closure after its assets were frozen due to debts reportedly dating back to 2005.
However, according to Motocuatro.com
, Luciano Alonso, Minister for Tourism, Sport and Commerce in the Andalucía area affirmed Jerez's role in attracting major investment and publicity from events such as the Spanish Grand Prix.
As such, a new agreement with Dorna – which will also see Andalucía tourism advertising feature at several rounds - is set to keep MotoGP at Jerez until 2016.
With the earlier announcement that Motorland Aragon has secured a more permanent slot on the calendar, Spain is set to now host four MotoGP rounds annually.
However, while Jerez is apparently safe, there are concerns that this year's Czech Republic Grand Prix will be the last after Brno Masaryk circuit recorded losses of 3.5 million Euros in 2010.
Though it is hoped the arrival of Karel Abraham in the MotoGP class – the first Czech rider to compete at the top level – will boost visitor numbers this season, GPOne.com
quotes circuit president Ivana Ulmanova as saying even a cut in investment won't be enough to justify retaining the race.