No penalty as Valencia breaks F1 contract

Valencia will not be penalised after dropping out of formula one.

We reported a week ago that race official Gonzalo Gobert confirmed the Spanish city, already absent from the 2013 and 2014 F1 calendar, will definitively stop hosting grands prix.

He added that negotiations with Bernie Ecclestone were taking place so that Valencia is not penalised for breaking its contract.

Valencia government vice-president Jose Ciscar said on Friday: "It appears there will be no formula one in Valencia next year, and no penalty.

"If there is no race, there is no penalty," Europa Press quotes Ciscar as saying, adding that a written document for the termination is now being prepared.

"The contract termination letter will not change what I am announcing right now," he insisted.

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Leopold

Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.

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