Tag Archive: Spanish Grand Prix
Barcelona Test – Day 2
Bernie Ecclestone has played down reports he is in advanced talks to bring formula one to the streets of Madrid.
Spain’s El Confidencial claimed this week the F1 supremo is already in possession of a business plan and bank guarantees, as a group of businessmen want the Spanish capital to host an annual street race.
Spanish grand prix boss Salvador Servia insists reports the capital Madrid is bidding to join the F1 calendar do not worry him.
El Confidencial reported in recent days that Bernie Ecclestone is in advanced talks with private investors who want to organise a city street race. Ecclestone, however, has already warned that after the decline of Spain’s second race at Valencia, there is now room only for one annual race per country.
Jean Todt has slammed as “a joke” the initial cost-saving proposals put forward by formula one teams.
The powerful ‘Strategy Group’ teams vetoed the FIA president’s plans for mandatory budget caps beginning next year, instead arguing that costs can be alternatively reduced through the sporting and technical regulations.