Connect with us

2018 F1

Barcelona hopes for new F1 contract

Published

on

  • 2
    Shares

Organisers of the Spanish grand prix are still not sure they will reach a new agreement with Liberty Media.

Vicenc Aguilera, the Circuit de Catalunya boss, told Spanish reporters he hopes to sit down with the F1 owner “in three or four months”.

“We are working on it but we have to do things right,” he said. “The goal is to renew but the game is yet to be played.”

Aguilera acknowledged that Liberty Media has “alternatives” to Barcelona, but said the current Spanish grand prix venue has a lot going for it.

“We have to know how to play the cards we have,” he said.

“When we face a contract renewal, we must look at our ability to generate revenue, what we pay for the contract, the conditions under which we manage the grand prix — there are many variables and we will see how it progresses.”

While Liberty has inked a deal with new organisers in Vietnam, many European circuits including Silverstone, Hockenheim and Monza say it is difficult for them to make money.

“The health of the circuit is clearly good in its structure,” said Aguilera, “but financially it is mediocre.

“We are not able to generate resources and cope with losses due to the current harsh conditions. We need extra contributions,” he added.

El Mundo Deportivo newspaper said the local government has been contributing EUR 2.5 million, but that amount is now being cut to 1.5m.

“We have had an agreement that has lasted three years and now we have to consider what to do for 2020,” Aguilera said.

“In 2019 there are elections right after the grand prix and we will see what happens.”

Another Barcelona boss, Joan Fontsere, admitted he is relieved that the F1 teams at least decided to keep the circuit as the sole winter test venue for 2019.

“It was the hardest negotiation that I have faced to date,” he said.

“This year’s snowfall did not help because the teams want to test in optimal conditions, but the commitment to improvement and those who appreciate the circuit in technical terms meant they decided to stay.”

Comments

Latest Results




Latest F1 News

2018 F14 weeks ago

Lauda announces 2019 grand prix return

2SharesNiki Lauda has allayed fears that he might not return to his post at the grands prix with Mercedes. In...

2018 F14 weeks ago

Sauber still building staff numbers – Vasseur

2SharesSauber is still building up its staff numbers, boss Frederic Vasseur has revealed. The Swiss team almost collapsed two years...

2018 F14 weeks ago

Red Bull ‘will look to Verstappen’ in 2019 – Horner

2SharesMax Verstappen will have a more significant role at Red Bull next year. That is the view of Christian Horner,...

2018 F14 weeks ago

London could join Silverstone in F1 – Brawn

2SharesRoss Brawn says a grand prix in the centre of London would be “unacceptable”. But the F1 sporting chief thinks...

2018 F11 month ago

Kubica not offended by Vettel comments

2SharesRobert Kubica says he is not offended by comments made by quadruple world champion Sebastian Vettel. Ferrari’s Vettel said that...

2018 F11 month ago

Verstappen happy with Ricciardo replacement

2SharesMax Verstappen says he is happy with Red Bull’s pick for his new teammate. The Dutchman says he cannot understand...

2018 F11 month ago

Renault to keep working over Christmas

2SharesStaff at Renault’s works F1 team will work throughout the Christmas and New Year period. That is the news from...

2018 F11 month ago

Force India to launch 2019 car in Canada

2SharesForce India has become the second F1 team to announce a reveal date for its 2019 car. Ferrari boss Maurizio...

2018 F11 month ago

“it was a difficult experience, but it made me stronger,”- Sirotkin

2SharesSergey Sirotkin says his aim is to return to formula one in 2020. The Russian has been replaced at Williams...

2018 F11 month ago

McLaren success is ‘long term’ aim – Sainz

2SharesCarlos Sainz says McLaren is aiming for success only in the medium to long term. The Spaniard says he is...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media