Valencia could be mere days from dropping off the Formula One calendar. El Pais newspaper claims the regional government is yet to pay Bernie Ecclestone the fee for June's European grand prix street race.
"We are still negotiating," a spokesman is quoted as saying. The Spanish region's president Alberto Fabra said recently his government, amid the worsening European economic crisis, was reviewing its commitment to F1.
The Diario AS newspaper said the contract demands the 2012 race fee be made by March 9. "Formula one is not our primary concern," Fabra is quoted as saying when asked about the risk of contract breach.
When asked specifically whether or not the fee has been paid to Ecclestone, he answered: "I don't know, I cannot say."
It is also an uncertain time for Spain's other F1 host Barcelona, with the regional Catalonian government pushing to annually alternate its race with Valencia in future.
"For budgetary reasons, this (solution) would be best," said a spokesman for Catalan president Artur Mas.
Valencia on verge of F1 exit
- Published on 02 Mar 2012 10:55
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- By: Danny Sosef
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Formula 1 Calendar - 2026
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Spain
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Bahrain
Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
Bahrain
Bahrain International Circuit
17 - Apr 19
Saudi Arabia
Jeddah Street Circuit
1 - May 3
United States of America
Miami International Autodrome
22 - May 24
Canada
Gilles Villeneuve
5 - Jun 7
Monaco
Monte Carlo
12 - Jun 14
Spain
Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
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