Valencia hints at F1 share deal in coming weeks

Valencia president Alberto Fabra has admitted it is possible the Spanish port city will annually alternate its F1 race date with Barcelona.

Amid Spain’s worsening economic crisis, organisers of the Circuit de Catalunya’s Spanish grand prix last year proposed a Germany-style sharing of a single race date, alternating between the venues every year.

Valencia, however, turned down the initial proposal, but Barcelona officials this week suggested that talks are back on.

Indeed, Valencia’s regional president Alberto Fabra confirmed to EFE news agency on Monday that alternating with Barcelona "is one of the alternatives".

He warned that an agreement "is not yet done", because the issue will need to involve F1 chief executive Bernie Ecclestone over the course of "the coming weeks".

"We’re still in negotiations, waiting for a proposal with Ecclestone," added Fabra.