FILE PHOTO: Alejandro Agag, CEO of Formula E, is pictured before a news conference for the upcoming Formula E Championship race on Saturday in Beijing, September 12, 2014. REUTERS/Jason Lee
LONDON (Reuters) - The all-electric Formula E motor racing series will make a profit for the first time next season despite its biggest ever marketing spend, founder and chief executive Alejandro Agag said on Thursday.
"We are going to have our biggest ever marketing expenditure, many tens of millions. But even with that spend we are going to show a profit," the Spaniard told Reuters in an interview.
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