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Why British Grand Prix will remain a staple on F1 calendar
13 July 2017, 12:41 | Colleen Roy
Silverstone's future as a host for F1 races was thrown into doubt today when the circuits owners confirmed that they had activated a break clause in their F1 contract, meaning that after 2019 we could be faced with the prospect of an F1 calendar with no British Grand Prix.
The 2016 Formula OneBritish Grand Prix gets underway on July 10, 2016. "The teams and the drivers love driving there and (F1 owners) Liberty (Media) has made a commitment that there will be a British Grand Prix", Horner told reporters at the Red Bull factory.
The announcement coincided with an announcement from the sport that F1 would be driving around the streets of London as a means of promoting the British Grand Prix this weekend. The race organizers have stated that the costs of presentation of the test will increase to 25 million pounds (41.5 million dollars) by 2026, the final year of the current contract.
In other words, Grant hopes it can strike a new deal with F1's new owners, one that would be more profitable for Silverstone than in the past, especially in the wake of the financially disastrous Brexit. The new centre will be located in an old World War 2 hanger near the circuit and will celebrate Silverstone's past and the impressive races that have unfolded on the track.
Asked if he had told F1 bosses Chase Carey and Sean Bratches about the idea, Brown says Liberty were open to hearing his opinion.
Off-track talk over the future of the British Grand Prix has provided an unwelcome distraction from the forthcoming action. Tonight, I spoke to Bernie Ecclestone, the former CEO of F1, who negotiated the deal the BRDC wants out of. "It would be shocking to lose Silverstone from the calendar and even more shocking to lose a British Grand Prix when you consider 80 percent of the teams are based within the United Kingdom and how much the United Kingdom contributes to F1 from a historical point of view".
With the 2017 British Grand Prix at Silverstone looming, Sahara Force India'sSergio Perez is looking forward to sampling what he calls "one of the best tracks of the year".
Silverstone first held the British Grand Prix in 1950. We need to figure out a way for them to make more money, so either we need to create new revenue streams or re-cut the deal. We are the only credible venue as there would be so many issues with holding a race in London.
"No one likes running races more than the BRDC".
"We offered to extend the current deadlines in order to focus on everything that is great about Silverstone and Formula One".
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