"We have to keep up with Formula 1 and for that we have to evolve. It will be difficult to continue (with both races) after 2025. We have done wonders to have two starts until 2025, but you have to be very optimistic to believe that it will be maintained after that.

"Last year we invested 44 million euros for the two races, which went very well, but we still registered a loss, mainly because of the high costs of running each race, regardless of which one we are talking about. Our budget is already in trouble, ConvertCase we cannot be left alone in this challenge,” Damiani said.