Valencia confirms seven-year F1 deal
| By Pablo Elizalde |
Thursday, May 10th 2007, 10:49 GMT |
 Valencia will host a Formula One Grand Prix next season after agreeing to a seven-year deal with Bernie Ecclestone, it was announced on Thursday.
The deal was announced in the Spanish city in a press conference with Ecclestone, who was joined by the Valencian government's president Francisco Camps, and Valencia's mayor Rita Barbera.
The race, which will be known as the European Grand Prix, will take place on a street circuit around the Mediterranean city, which is currently hosting the 32nd edition of the America's Cup.
This way, Spain will have two Grands Prix in the future, as the Barcelona circuit has a contract with Ecclestone until 2011.
|
