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Barcelona to 'reconsider' F1?

Following news last week that the event at Valencia could be under threat, comes speculation that Barcelona is on the endangered list too

The Spanish GP at the Circuit de Catalunya is the latest event that could slip off the F1 schedule in the future.

Amid the current economic downturn, Andreu Mas-Colell, Catalunya's minister for economy, conceded in an interview with RAC1 radio, that at the moment it is not clear if the region can continue to justify hosting the F1 event or for that matter the MotoGP event too.

“We might reconsider if we can hold the F1 or motorcycle grand's prix. It is not clear to us that we can afford them in the current situation.

“It is not the first thing we will reconsider. But at times we have to look very closely, line by line, at where we spend the money.

“There are contracts [sometimes] that are more expensive to maintain than to break.”

The news is a further blow for Spain, as recently the local government in Valencia also said that it wants to renegotiate its agreement with F1 boss, Bernie Ecclestone.

Jose Cisco, vice-president of the Generalitat Valenciana stated somewhat paradoxically on Thursday last week that while the street circuit race, which takes place under the European GP banner, is not under threat, 'nothing can be ruled out' [see separate story - here].




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Tiksop - Unregistered

January 10, 2012 7:01 AM

Baz.... He can only sell rights if he has something to show. Bernie needs to join the real world, He may loose more events if not. Sponsors come for global coverage, Pay Per View is not proven that it will obtain the numbers sponsors like to see. It didn't work before and I don't think it will work now. If Sponsors start leaving! that's the life blood of the teams draining away. AND Bernie won't loose a penny!!!!!!!!!!!!!!!!!!



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