With Valencia already asking for a reduced race fee, the fate of Spain’s other F1 event at Barcelona has also fallen under a cloud.
The economics minister of the Catalonia region, Andreu Mas-Colell, told Rac1 radio that the situation for Barcelona’s Spanish Grand Prix is “the same as in Valencia”.
“In the present conditions we have to look line by line at how we are spending money. We have spent a lot on F1 and at the moment it’s unclear what we can afford,” he said, referring to Europe’s economic crisis.
But the sports newspaper Marca cited sources at the Circuit de Catalunya as saying the F1 and MotoGP races scheduled for 2012 are “guaranteed” at least.
Beyond that, “There are contracts that are more expensive to maintain than to break”, Mas-Colell insisted.