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."
Valencia in talks to terminate F1 contract
- Published on 12 Aug 2013 09:19
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- By: Danny Sosef
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Formula 1 Calendar - 2026
Date
Grand Prix
Circuit
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Spain
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Bahrain
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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
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