'Valencia wants out of F1 deal'
Credit: PlanetF1.com (www.planetf1.com)
Valencia is reportedly seeking a new home for the European GP after Bernie Ecclestone refused to let the Spanish port city out of the remaining two years on their contract.
The streets of Valencia first hosted a Formula One grand prix, the European GP, in 2008 with over 110,000 spectators attending the inaugural race.
But since then the numbers have plummeted with just 75,000 fans arriving at this year's event.
The drop in numbers has made the grand prix too expensive for Valencia, with Spanish newspaper El Periodico reporting that hosting the European GP has 'cost the public coffers 142 million Euros.'
Regional president Francisco Camps has already asked Ecclestone if he can let Valencia out of its F1 contract two years earlier than the scheduled date, however, the F1 supremo refused.
The newspaper added that the port city is now seeking a new home for European GP with alternate venues already being investigated.
Credit: PlanetF1.com (www.planetf1.com)
No comments:
Post a Comment