The Valencia Street Circuit is a semi-permanent street circuit in Valencia, Spain which will host the Formula One European Grand Prix for seven years.
The deal to host the Valencia race was signed on June 1, 2007 and is for seven years. The deal was made between Formula One supremo Bernie Ecclestone and the Valmor Sport group, which is led by former motorcycle rider Jorge Martinez Aspar and Villarreal football club's president Fernando Roig. This deal goes back on comments made by Ecclestone previously stating that no European country should hold more than one race each year as Barcelona currently holds the Spanish Grand Prix each year.
Although now confirmed, the deal was rumored to be conditional on People's Party winning regional elections on 27 May 2007. However, Ecclestone had clarified his comments on May 16, 2007: "I said I wouldn't formalise a contract until after the elections because I didn't know who I would be signing it with." He said his statements were taken out of context. Ecclestone has since been cleared of influencing the election by the Valencian Electoral Commission.
The official track layout was unveiled by Valencia councillor and transport minister, Mario Flores, on 19 July 2007. The track was first used in the last weekend of July 2008, as the circuit hosted a round of the Spanish F3 Championship and International GT Open. It was first used for the European Grand Prix on August 24, 2008.
The track is 5.419 kilometres (3.367 mi) long and incorporates a total of 25 turns - 11 right-handers and 14 left-handers. It is estimated that the track has a top speed of around 323 kilometres per hour (201 mph), with a lap record of 1:38.683, held by Timo Glock, which he set during the 2009 European Grand Prix.
The 2008 European Grand Prix was held on August 24, 2008. It was the 12th race of the 2008 Formula One season. The race, contested over 57 laps, was won by Felipe Massa for the Ferrari team after starting from pole position. Lewis Hamilton finished second in a McLaren car, with Robert Kubica third in a BMW Sauber.
During the race Massa was reprimanded by the stewards and fined €10,000 for nearly colliding with Adrian Sutil's car in the pits, but the Brazilian kept his victory.
This was Bridgestone's 200th and Massa's 100th entry, and this makes Massa the only driver to date to win his 100th race.
The 2009 European Grand Prix was held on August 23, 2009. It was the 11th race of the 2009 Formula One season. The race, contested over 57 laps, was won by Rubens Barrichello for the Brawn team after Lewis Hamilton took pole in the McLaren. Hamilton came second, while Kimi Räikkönen took third in the Ferrari car. It was notable for there not being one single on track overtaking manouvere, the first time since the controversial 2005 United States Grand Prix. It marked the first race of Frenchman Romain Grosjean in the Renault. Barrichello's victory was the 100th for a Brazilian driver.