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Valencia in talks to terminate F1 contract

  • Published on 12 Aug 2013 09:19
  • comments 0
  • By: Danny Sosef
Valencia's formula one foray is set to be officially folded, according to a media report. Last week, we reported that - according to a draft 2014 calendar that is quietly doing the rounds - the Spanish port city will not host a grand prix next year.

That is despite earlier reports that Valencia and Barcelona have agreed to annually alternate a single Spanish grand prix from 2014 onwards.

Tickets for next year's Barcelona round have, however, already gone on sale, a May 11 date has been set, and El Mundo newspaper said the alternation contract was actually never signed.

Now, Diario Sport newspaper reports that the only negotiations between Bernie Ecclestone and Valencia president Alberto Fabra are about how much Valencia should pay for breaking its existing race contract.

Reportedly, F1's chief executive wants Valencia to pay the full EUR 33 million termination penalty, but Fabra "is in talks to soften" that maximum hit.

Diario Sport claims Valencia treasurer Juan Carlos Moragues Ferrer said recently that, amid the economic crisis, the government wanted to "meet our obligations without having to close schools or hospitals".

"In this context," wrote correspondent Laura Lopez Albiac, "it would be very difficult to explain to taxpayers that more money is being allocated for an extraordinary item such as F1."

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Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
8 - Oct 10
Japan
8 - Oct 10
Turkey
22 - Oct 24
United States of America
5 - Nov 7
Mexico
12 - Nov 14
Brazil
19 - Nov 21
Qatar
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
8 - Oct 10
8 - Oct 10
Turkey Istanbul Park
22 - Oct 24
United States of America Circuit of the Americas
5 - Nov 7
12 - Nov 14
Brazil Interlagos
19 - Nov 21
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
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