Valencia deal signed
The Valencia deal, that was announced on 10 May, has been signed today. Bernie Ecclestone declared that the seven-year deal was signed this morning. The Grand Prix at Valencia, that will be named the European Grand Prix, will be held on a street circuit along the harbour and not on the Circuito de la Comunidad Valenciana Ricardo Tormo.
Ecclestone: "The agreement was signed this morning along exactly the same lines as we announced last month. The agreement is for seven years."
