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Valencia F1 organisers face corruption probe
Spain's unsuccessful bid to run a second F1 event looks set to end in greater ignominy as the national prosecutor's office investigates allegations of corruption by organisers of the European Grand Prix in Valencia. The city's America's Cup port hosted the race for five years between 2008-12 and had been due to alternate with Barcelona as the home of the Spanish Grand Prix from 2014, but attempted to withdraw from its long-term contract with Formula One Management when a change of local government officials determined that the 40m event was a drain on financial resources. “Valencia president Alberto Fabra is determined to correct the nonsense of a grand prix that he inherited from his...
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