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Valencia race organisers accused of corruption
The organisers of the European Grand Prix between 2008 and 2012, based in the Spanish region of Valencia, are facing allegations of corruption over their part in the event. The city's port had previously been used for the Americas Cup event, but in 2008 it played host to Spain's second Formula 1 race, known as the European GP. Things came to an end in 2012 after a failed attempt to rotate the event with Barcelona in an attempt to save money. As a result of the broken contract, F1's Bernie Ecclestone sought a £25 million (€33m, $40m) payment to terminate the deal and the race was dropped altogether. Now it seems things could soon become even worse for its organisers. It's reported...
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11y ago from TheF1Times.com
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