Valencia in talks to lower fee for 2014 return

Valencia’s formula one foray may not be over.

Last week, we reported that the only negotiations between organisers of the Spanish street race and Bernie Ecclestone are now about how much the port city should pay for breaking its contract.

But media reports including by the Europa Press news agency have now quoted Valencia vice-president Jose Ciscar as refusing to rule out a surprise return to the F1 calendar for 2014.

That is despite F1’s other Spanish host, Barcelona, already selling tickets for a 2014 race.

Indeed, Ciscar said Valencia will only return if there is "a substantial reduction of the (race) fee".

"Right now there is nothing new (to say)," he added, "except that, for the government, it is essential to lower the payments even if in principle there are signed agreements that must be met."