Valencia mayor rejected grand prix saving deal 16 September, 2013 Valencia hosted a grand prix in 2012 The mayor of Valencia rejected a proposal that might have saved the European grand prix which had previously been held in the Spanish city. When it became clear the race on the streets of the Spanish port city was no longer financially viable, the regional president Alberto Fabra made a proposal to the Valencia mayor, Rita Barbera. “He spoke of the possibility of involvement, but he spoke to me about Cheste, and I have an urban circuit,” Barbera is quoted by El Pais newspaper. “The budget of Valencia is for Valencians,” she insisted. The permanent Ricardo Tormo circuit, located 26 kilometres from Valencia in Cheste, hosts a MotoGP race. It has also been a popular circuit for F1 testing. Meanwhile, Bernie Ecclestone has cast doubt on India’s hopes of returning to the calendar in 2015, after it emerged that Delhi will not host a race next year. Race organisers had claimed the only issue affecting next year’s Indian grand prix was Ecclestone’s scheduling headaches. But the F1 chief executive told Sportbusiness International: “The trouble in India is a simple one. The rupee has devalued an enormous amount so it is all very political. “We won’t be there next year but after that I hope we will go back,” added Ecclestone. (GMM) Subbed by AJN. Related NewsAzerbaijan to host 2016 Grand Prix of EuropeNo financial penalty as Valencia breaks F1 contractOfficial admits that Valencia’s grand prix dream is overF1 dream over as Valencia street circuit crumblesValencia targeting grand prix return in 2014Valencia aims for return to grand prix calendar in 2014Valencia seeks cost cuts to save F1 raceFIA admits Alonso and Hamilton escaped Valencia penaltiesVettel denies suggesting Valencia safety car conspiracy theoryValencia race featured second most overtaking moves of 2012 Ian Mac Yes Bernie, indeed “the trouble in India is a simple one, the rupee has devalued an enormous amount” but it’s not “political”, it’s economic. They can no longer afford your punitive fees. Pay attention (this time) as this situation will arise elsewhere until you realise that you need to adjust your inflated demands to current reality.