Bernie Ecclestone is reportedly using the demise of Valencia’s F1 project to give organisers of next year’s provisional New Jersey race a boost.<\/p>\n
We reported this week that F1 chief executive Ecclestone has agreed to terminate Valencia’s contract without financially penalising the Spanish hosts.<\/p>\n
It means the Valencian government is avoiding a reported EUR 54 million in break costs.<\/p>\n
“What we have agreed,” said president Alberto Fabra, “is that we will not use any equipment in other circuits.”<\/p>\n
The Spanish sports newspaper Marca has now revealed more details of Ecclestone’s termination deal with Valencia.<\/p>\n
“Everything in formula one has a price,” wrote correspondent Paul Juanarena.<\/p>\n
He said Ecclestone has negotiated to take possession of Valencia’s street circuit equipment, including more than 10 kilometres of fencing and barriers, worth several million euros.<\/p>\n
The beneficiary, Juanarena explained, would be organisers of the financially-pressed inaugural New Jersey grand prix, whose place on the 2014 calendar is conditional upon “circuit approval”.<\/p>\n
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