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Valencia wants hosting fees reduced

Discussion in 'Formula 1' started by Scott Webber, Jan 20, 2012.

  1. Scott Webber

    Scott Webber


    The Valencia regional government has asked Bernie Ecclestone to slash the costs of staging their GP even though they may soon only host one race every two years.

    At present Spain is the only country to host two Formula One grands prix with both Barcelona and Valencia on the 2012 calendar.

    Both venues, though, are looking to cut costs, raising the possibility of alternating races. The idea has been welcomed by Ecclestone, who reckons it "may be the way to go."

    But even with that in the pipeline - although there has been no confirmation of talks going on - the Valencia regional government has revealed that they have spoken with Ecclestone about cutting the costs of hosting their race.

    "We are looking at various alternatives that do not constitute a significant outlay," Reuters quotes Valencia president Alberto Fabra as having told Spanish radio.

    "At the same time, they would have to serve as an attraction so that a lot of people come to the region."
    He added: "We need to find this balance which will be attractive in the current conditions."

    Valencia will host the 2012 European Grand Prix on 24th June.
  2. Hampus Andersson

    Hampus Andersson

    Raise the fee Bernie so we can get rid of the crap. I´m sure it´s fantastic to hotlap on but as a spectator it´s the most boring track in the world.

    Better make room for Austin GP and New Jersey.
  3. Dan Smith

    Dan Smith

    I don't understand why F1 keeps getting new tracks. Surely it would be most cost effective to update existing great tracks?
  4. Michael Brown

    Michael Brown

    Valencia's on the same path as Istanbul because they wanted lower price, and Istanbul Park was dropped.

    Yes it would be cheaper to update existing tracks but Bernie gets more money out of new tracks.
  5. Hampus Andersson

    Hampus Andersson

    The problem with updating an existing track is that F1 or Bernie don´t pay for this. The track owner/sponsors do.

    So if you barely can make it go around it will be very hard to re-new the track.
  6. Chris Jenkins

    Chris Jenkins
    Driving til the wheels fall off

    Bye bye Valencia! Well lets hope so...
    • Like Like x 1