David Morton
Lifetime Supporter
Valencia wants out of their contract with Ecclestone for 2011 onwards. The cost rigging and derigging the street circuit combined with markedly reduced ticket sales and the payment to the midget of in excess of $15m has resulted in a catastrophic shortfall in Valencias (the city's) finances. Other projects they had in the pipeline have gone back into storage indefinitely or are in the process of being cancelled. If the decline in ticket sales continued at the same rate they woul have somewhere between 55,000 to 60,000 tickets sold for the three days mraning only about 35,000 would attend the race.
Ouch.
Ecclestone has reportedly said no chance of Valencia backing out.
Ouch.
Ecclestone has reportedly said no chance of Valencia backing out.