There are strong rumours that this will be the last race in Valencia. This is said to be of mutual consent between Bernie and the local government.
After only two races, those behind the project have become disenchanted with the event.
Bernie is pleased, because this will free up the name 'European Grand Prix' and, I am reliably informed, he plans to give the title to Silverstone next year.
Silverstone is begging Bernie to take their money and has more funds in the offing thanks to a deal the BRDC is brokering with Middle Eastern money men. Bernie will be very happy to relieve them of it.
But, by calling it the European Grand Prix, Bernie is being true to his word that there will be no British Grand Prix at Silverstone next year. The plan is that there will be no British Grand Prix in 2010, if Donington's plans fall through, and that will enable Bernie to sue Simon Gillett, the Donington leaseholder, and take the lease of his hands. This is something Donington owner, and longtime Ecclestone cohort Tom Wheatcroft, would love to see.
Once Donington is back under the thumb, the British GP title will return to Silverstone and the European Grand Prix title will be bestowed on Rome for 2012.
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