Valencia on verge of falling off F1 calendar

Girls at the Red Bull Pool Party. Formula One World Championship, Rd 8, European Grand Prix, Race, Valencia, Spain, Sunday 26 June 2011.

Valencia will be missed

Mar.2 (GMM) Valencia could be mere days from dropping off the formula one calendar.

El Pais newspaper claims that the regional government has yet to pay Bernie Ecclestone the fee for June’s European grand prix street race.

“We are still negotiating,” a spokesman is quoted as saying.

The Spanish region’s president Alberto Fabra said recently his government, amid the worsening European economic crisis, was reviewing its commitment to F1.

The Diario AS newspaper said that the contract demands the 2012 race fee be paid by March 9.

“Formula one is not our primary concern,” Fabra is quoted as saying when asked about the risk of contract breach.

When asked specifically whether or not the fee has been paid to Ecclestone, he answered: “I don’t know, I cannot say.”

It is also an uncertain time for Spain’s other F1 host Barcelona, with the regional Catalonian government pushing to annually alternate its race with Valencia in future.

“For budgetary reasons, this (solution) would be best,” said a spokesman for Catalan president Artur Mas.

Subbed by AJN.