Ecclestone happy with F1 'home' in Valencia

The Valencia street circuit is now a "home" for formula one, according to F1 chief executive Bernie Ecclestone.

Ahead of its debut race in 2008, it is believed a seven-year contract was signed.

But the venue has met with criticism, including a 5.4 kilometre layout that has hosted processional races, and a lack of atmosphere due to the absence of many boats in the marina.