Jan.25 (GMM) Valencia is waiting on fellow Spanish F1 host Barcelona to reply to talks about alternating a single annual race date.

Both venues have admitted to suffering economic difficulties at present, with the sport's chief executive Bernie Ecclestone pushing for them to share a spot on the calendar in future.

Valencia's regional president Alberto Fabra is quoted by the EP news agency as admitting he wants Ecclestone to agree to a new deal with "different conditions".

Fabra met with the Briton last week.

"Now we are waiting for a response from him and, after contact with different organisations and also with Catalonia, he will tell us what are the alternatives.

"I'm waiting for what Ecclestone says, being aware of our economic situation, that allows us to continue with the grand prix," he added.

Fabra said simply breaking Valencia's existing race contract is not an option.

"There is a penalty of two years of fees and then a submission to the English courts for a possible (further) compensation," he revealed.

"The only viable option is to renegotiate the contract," added Fabra.

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games