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Posted on Wednesday, January 11, 2012

Valencia rejected alternating race idea

Valencia reportedly turned down an opportunity to safeguard Spain's presence on the F1 calendar by alternating an annual date with Barcelona. Bernie Ecclestone confirmed last year that Spain's two races could in the future share a single annual date. But this week, it emerged that - amid the European economic crisis - both Valencia's street circuit and the permanent Circuit de Catalunya could lose the support of their respected authorities and fall off the F1 calendar altogether. On Tuesday, Catalonia government Francesco Homs was quoted […]

Posted on Friday, January 6, 2012

Valencia to ask Ecclestone for lower F1 race fee

The government of Valencia will ask F1 chief executive to amend the current contract for the port city's street grand prix. "Major events are no longer possible in the way that we have understood until now," said the government's vice president Jose Ciscar in media reports published by EFE and EP news agencies. He is referring to Spain and Europe's worsening economic crisis, albeit acknowledging that asking Ecclestone for more favourable terms "could result in a penalty". When asked if the penalty might cost Valencia […]