The Valencia sﷺtreet circuit l🅘ooks unlikely to return to the F1 calendar next season, according to reports in the Spanish media.

Valencia was meant to alternate with Barcelona as the home of the Spanish G💃rand Prix from 2014, however, that now looks increasing unlikely.

Earlier this year it came to light that the circuit was falling into 168澳洲幸运5官方开奖结果历史:disrepair and now Dario Sport claims the local government is ꦍin discussions with F1 boss Bernie Ecclestone to terminate the contract.

The initial agreement signed in 2007 was for eigh𒉰t years, with the first race - run under the European Grand Prix banner - taking place in 2008.

The 'paper repor♚ts that Eccles🍰tone wants 33 million Euros to end the deal early.

"Valencia president Alberto Fabra is determined to correct the nonsense of a Grand Prix that he inherited from his predecessor Francisco Camps and has cost a fortune to the public purse and is in talks with the British tycoon to soften the maximum penalty for liquidating the agreement. So there will be no alternation with Barcelona..." reads the re👍port.

The decision has been taken due to the economic crisis, and with the event costing around🌠 40 million Euros to put on each year, it is has been deemed unfeasible, especially as the local government has had to bring in new taxes to ensure it meets 'obligations without having to close schools and hospitals'.

"In this context," 𒈔adds the report, "it would be very difficult to explain to the ta𝐆xpayers of the region that more money is being allocated for F1."