In 2007, the regional authorities announced that Valencia would be the host to a Grand Prix of the Formula 1 circuit for the following seven years. The regional president Francisco Camps promised then that the Formula 1 would have “zero cost” for the taxpayers. After these seven years have past the facts are: the last two races were cancelled because there was no budget for it, the F1-adventure has been paid with almost €300 million of public money, and that Francisco Camps is indicted for corruption in connection with the Formula 1 contracts.