Valencia looks to offload Euro GP – report 25/11/2010 |
|
| |
| |
Organisers of the European Grand Prix in Valencia are reportedly trying to offload the race contract to an alternate host.
Spanish newspaper El Periodico claims regional president Francisco Camps believes the city cannot afford the annual fee and organisational costs.
At the grand prix in June, he apparently asked Bernie Ecclestone if Valencia's contract – with four years left to run – could be broken, to which the F1 commercial rights boss "flatly refused".
The report said the organisers are spending 30m euros on the race annually, including an 18m euro fee to Ecclestone's group. The event brings in 10m euros from the sale of tickets but attendances have fallen from a high of 112,000 in 2008 to 75,000 this season.
Ecclestone reportedly told Camps that an alternative promoter and venue would have to be found, with the newspaper claiming negotiations with the circuit in Alcaniz as well as Portimao in Portugal have been held.
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
