Valencia in talks to reduce F1 fee for 2014 return 20 August, 2013 Valencia Street Circuit Valencia’s now-on-now-off Formula 1 foray may not be over just yet. Last week, we reported that the only negotiations between organisers of the Spanish street race and Bernie Ecclestone are now about how much the port city should pay for breaking its contract. But media reports including by the Europa Press news agency have now quoted Valencia vice-president Jose Ciscar as refusing to rule out a surprise return to the Formula 1 calendar for 2014. That is despite Formula 1’s other Spanish host, Barcelona, already selling tickets for a 2014 race. Indeed, Ciscar said that Valencia will only return if there is “a substantial reduction of the [race] fee”. “Right now there is nothing new [to say],” he added, “except that, for the government, it is essential to lower the payments even if in principle there are signed agreements that must be met.” (GMM) Subbed by AJN. Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.