Valencia Street Circuit. Valencia, Spain, has been announced as the venue for a Formula 1 race in 2008, the event will be known as the Grand Prix of Europe Telefónica. It will be held on a circuit around the Spanish port’s streets in the Valencia Street Circuit. The deal was signed on June 01, 2007 and is for seven years.
The deal has been made between Ecclestone and the Valmor Sport group, which is led by former motorcycle rider Jorge Martinez Aspar and Villarreal football club’s president Fernando Roig. This deal goes back on comments made by Bernie Ecclestone stating that no European country should hold more than one race each year, as Barcelona currently holds the Spanish Grand Prix each year.
Although now confirmed, the deal was rumored to be conditional on People’s Party winning regional elections on 27 May 2007. However, Ecclestone had clarified his comments on May 16, 2007: “I said I wouldn’t formalise a contract until after the elections because I didn’t know who I would be signing it with.” He said his statements were taken out of context. Ecclestone has since been cleared of influencing the election by the Valencian Electoral Commission.
The official track layout was unveiled by Valencia councillor and transport minister, Mario Flores, on 19 July 2007. It will be 5.473 km long and incorporate a total of 25 turns 11 right-handers and 14 left-handers. It is estimated that the track would have a top speed of around 323 km/h (201 mph) with an estimated lap time of 1min 37s.
Other Information
Valencia Street Circuit
- Location: Valencia, Spain
- Time zone: GMT +1
- Major Events: F1; GP2
- Circuit Length: 5.473 km (3.401 mi)
- Turns: 25
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