F1 »

Valencia seeking F1 exit?

Reports suggest Valencia is looking for a way out of its F1 contract
Reports in the Spanish press have suggested that organisers of the European Grand Prix are seeking to move the event away from the Valencia street circuit.

The venue has hosted the event since 2008 but crowds have dropped from over 110,000 for the inaugural race down to 75,000 this year.

With crowd levels down, event organisers are struggling to meet the costs involved in the race, with revenue from ticket sales covering just a third of the costs each year.

Spanish newspaper El Periodico has now reported that regional president Francisco Camps has asked Bernie Ecclestone if the contract to host the race in the city can be broken early, something which the commercial rights holder refused.

The 'paper also reports that Ecclestone told Camps that an alternative promoter and venue would need to be found to replace Valencia, with the Motorland Aragon circuit in Alcaniz and the Portimao circuit in Portugal having been approached.



Related Pictures

Click on relevant pic to enlarge
Race, Sebastian Vettel (GER), Red Bull Racing, RB6
Race, Sebastian Vettel (GER), Red Bull Racing, RB6
Race, Fernando Alonso (ESP), Scuderia Ferrari, F10
Romain Grosjean, 2017 Bahrain Grand Prix, Haas F1 Team (credit Haas)
16.04.2017 - Race, Zak Brown (USA) McLaren Executive Director and Bernie Ecclestone (GBR)
16.04.2017 - Race, Zak Brown (USA) McLaren Executive Director and Bernie Ecclestone (GBR)
16.04.2017 - Race, Bernie Ecclestone (GBR) and Zak Brown (USA) McLaren Executive Director
16.04.2017 - Race, Bernie Ecclestone (GBR)
16.04.2017 - Bernie Ecclestone (GBR), President and CEO of FOM and his wife Fabiana Flosi (BRA)
16.04.2017 - Bernie Ecclestone (GBR), President and CEO of FOM and his wife Fabiana Flosi (BRA)
16.04.2017 - Mr Ecclestone
16.04.2017 - Bernie Ecclestone (GBR) and his wife Fabiana Flosi (BRA)
16.04.2017 - Fabiana Flosi (BRA), Wife of Bernie Ecclestone
15.04.2017 - Qualifying, Bernie Ecclestone (GBR) and Flavio Briatore (ITA)
15.04.2017 - Qualifying, Bernie Ecclestone (GBR) and Flavio Briatore (ITA)
14.04.2017 - Free Practice 2, Bernie Ecclestone (GBR)
14.04.2017 - Bernie Ecclestone (GBR) with the media
14.04.2017 - Bernie Ecclestone (GBR)

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.