The government of Valencia revealed last week that they are looking to renegotiate their deal with Bernie Ecclestone for the European Grand Prix as they want to reduce costs, and now officials in Catalonia have gone a step further by admitting that they could be forced to scrap the Spanish GP at the Circuit de Catalunya.
"We may reconsider holding Formula One and motorcycling Grands Prix here," Catalan economy minister Andreu Mas-Colell said during an interview with RAC1 radio.
"It is not clear whether we can do so in the current climate.
"It is not the first thing we will reconsider, but in times like these we have to look line by line at what we are spending money on."
Catalunya has hosted the Spanish Grand Prix since 1991 and MotoGP fixtures since 1992 and the current deal runs until 2016.
Mas-Colell, though, warns that breaking contracts isn't always the best option as they sometimes cost more than hosting the race.
"There are contracts that are more expensive to maintain than to break," he added.