Organisers of the upcoming Spanish Grand Prix have hinted that the annual F1 race could alternate between the current venue in Barcelona and the Valencia street circuit that hosted the European Grand Prix for five years from 2008-2012.

The Spanish race could switch between the two venues, similar to what happens with the German Grand Prix, as Spain struggles through its current financial crisis, however, bosses at the Circuit de Catalunya, the venue of the Spanish race since 1991, have always moved to deny rumours of a share deal with their Valencian counterparts.

The President of Catalunya Artur Mas told the Dairio Sport newspaper that if Valencia was in a position to hold a race then it would.

"It depends only on them," he said. 

"If Valencia is able to have the Spanish Grand Prix in 2014 then it will, otherwise we will do it, because as of now - unlike two years ago - we have the financial ability to do it every season."

Speculation over the future of the Valencia street circuit has been very mixed with reports at the end of last year that the Valencian government had done little maintenance on the track, with any items of value stolen and much of the circuit in a state of disrepair.

The Valencia track was not a favourite among the F1 community but last year was the only race of any note with many incidents and a famous victory for Spanish hero Fernando Alonso. 

Otherwise the races were known as quite dull with the track lacking much of a challenge and certainly not the sort of challenges associated with a street circuit.

With Barcelona saying they have the financial ability to host the race every year it will come as a relief to many as the Spanish race has become one of the biggest on the calendar mainly due to the popularity and success of Fernando Alonso.

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