F1 News, Reports and Race Results

Barcelona keeping its cards close to its chest with Liberty Media

The Circuit de Catalunya in Barcelona is preparing for contract talks with Liberty Media, and the venue is hoping to remain the home of the Spanish Grand Prix beyond 2019.

At a time when the future of several historical European races - Silverstone, Hockenheim and Monza - remains uncertain, Barcelona's management joins the chorus of tracks seeking better financial conditions with Formula One.

However, the venue's negotiating power could be limited given that Liberty Media has "alternatives" to Barcelona.

"We have to know how to play the cards we have," said Circuit de Catalunya boss Vicenc Aguilera.

"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."

Like other circuits, Barcelona relies on subsidies to make ends meet with F1's demands. But according to Spain's El Mundo Deportivo, the local government's financial aid is set to be cut from 2.5M euros to 1.5M euros.

"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.

"We have had an agreement that has lasted three years and now we have to consider what to do for 2020. In 2019 there are elections right after the grand prix and we will see what happens."

Formula 1 will visit Barcelona twice next year, for the Grand Prix scheduled at mid-May, and two and a half months earlier for pre-season testing which will take place February 18-21 and February 26-March 1.

Despite the adverse weather that wreaked havoc on this year's pre-season testing at Barcelona, fellow track boss Joan Fontsere convinced F1 teams to return to Catalunya this winter.

"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."

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Leclerc confident Ferrari ‘has a shot’ at F1 Constructors’ title

Charles Leclerc believes that Ferrari has a genuine “shot” at beating rival McLaren to Formula…

50 mins ago

Komatsu: F1 teams united against Audi 2026 cost-cap offset

Haas team principal Ayao Komatsu has revealed that nine Formula 1 teams stand in opposition…

2 hours ago

Las Vegas GP: Hamilton leads Mercedes 1-2 in trouble-free FP1

Lewis Hamilton and George Russell led the field in a chilly but trouble-free first practice…

3 hours ago

2024 Las Vegas Grand Prix Free Practice 1 - Results

Full results from Free Practice 1 for the Las Vegas Grand Prix in the United…

3 hours ago

Aston Martin says performance shortfall led to Fallows exit

Aston Martin performance director Tom McCullough has shed some light on why the team’s former…

13 hours ago

FIA clamps down on plank loophole after Red Bull complaint

The FIA has issued a pivotal Technical Directive to F1 teams ahead of this weekend’s…

14 hours ago