The 1.1-ranked Gran Premio de Llodio will not go ahead this year due to budgetary shortcomings, Efe reports.
2013 will thus mark the second season in succession that the race is cancelled, as money turned out to be too hard to come by in 2012 as well. According to the Sociedad Ciclista Llodiana, the local cycling club and organizer, they weren't able to come up with the 700 000 euros needed to put on the race.
The GP Llodio has the last few years been the only professional bike race to be staged in the Basque Country's southernmost region, Álava, once the home of many greats of Spanish cycling and current home of the Fundación Euskadi's sub-23 team, Naturgas Energía.
The organizers still intend, though, to put on some sort of race, but it will be of considerably lower ranking.
The race was last won by the disgraced Santiago Pérez in 2011. Euskaltel rider Samuel Sánchez took out the win two years prior - check out the short video below to relive the action:
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