Silverstone Poised For New Deal Ahead Of British GP | 7/8/2018 | Staff
CoraavCoraav (Posted by) Level 3
LONDON (Reuters) – The endangered British Grand Prix at Silverstone looks set to stay on the Formula One calendar with hopes rising that a new deal will be announced before this weekend’s race.

A question mark has hung over the race’s future since Silverstone invoked a break clause in 2017 that meant this year’s grand prix would be the last unless a new contract was agreed.

Racing - Drivers - Club - BRDC - Circuit

The British Racing Drivers’ Club (BRDC), which owns the circuit, argued that the original long-term contract agreed with former F1 supremo Bernie Ecclestone was not financially viable.

The World War Two airfield hosted the first race of the Formula One world championship in 1950 and seven out of the 10 teams are based in Britain.

David - Richards - Chairman - Motorsport - UK

David Richards, chairman of Motorsport UK, told the Daily Mail newspaper that “the fundamentals, the financial side” had been agreed and it was just a question of signing off the final details.

Several sources told Reuters that talks continued in London on Monday and a deal, as yet unsigned, could be presented as early as Wednesday — before teams gather at the circuit for Thursday’s media day.

Grand - Prix - Silverstone - Red - Bull

“To lose the British Grand Prix, and particularly to lose it from Silverstone, would be disastrous,” Red Bull team...
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