Spain’s faltering economy is not only putting the squeeze on the future of the European
snoozefest Grand Prix – as we reported last week – but the sister Spanish Grand Prix at the Circuit de Catalunya is also reportedly under threat, with the region’s economic minister hinting that its future is also being re-evaluated.
Minister Andreu Mas-Colell told the RAC1 radio station that it was not certain if the region could continue to justify the cost of hosting the annual Grand Prix and MotoGP events each year.
“We might reconsider if we can hold the F1 or motorcycle grand’s prix. It is not clear to us that we can afford them in the current situation,” he is quoted as saying on the Spanish-language station.
“It is not the first thing we will reconsider. But at times we have to look very closely, line by line, at where we spend the money.
“There are contracts [sometimes] that are more expensive to maintain than to break.”
His language is very similar to that used by Valencia government official Jose Ciscar, the vice-president of the Generalitat Valenciana, when he confirmed that city officials were seeking to renegotiate the terms of their $21-million-a-year sanctioning fee paid to Bernie Ecclestone.
Perhaps a simpler solution might be to alternate the events each year, as Belgium and France are set to do from 2013 onwards, in a bid to reduce costs…
[Original image via AutoBlog]