Valencia could be mere days from dropping off the formula one calendar.<\/p>\n
El Pais newspaper claims the regional government is yet to pay Bernie Ecclestone the fee for June’s European grand prix street race.<\/p>\n
“We are still negotiating,” a spokesman is quoted as saying.<\/p>\n
The Spanish region’s president Alberto Fabra said recently his government, amid the worsening European economic crisis, was reviewing its commitment to F1.<\/p>\n
The Diario AS newspaper said the contract demands the 2012 race fee be made by March 9.<\/p>\n
“Formula one is not our primary concern,” Fabra is quoted as saying when asked about the risk of contract breach.<\/p>\n
When asked specifically whether or not the fee has been paid to Ecclestone, he answered: “I don’t know, I cannot say.”<\/p>\n
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.<\/p>\n
“For budgetary reasons, this (solution) would be best,” said a spokesman for Catalan president Artur Mas.<\/p>\n
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