AT A GLANCE
SILVERSTONE is unlikely to be alone among European circuits in deciding it can no longer afford to host Formula One without a better deal, according to British Racing Drivers’ Club (BRDC) chairman John Grant. “It’s reasonable to assume we generate more revenue than any other European grand prix and we still can’t make the numbers work,” he said on Tuesday after announcing that the BRDC-owned British Grand Prix circuit was breaking its contract. This means Britain risks having no race after 2019. “We believe that we run the event quite efficiently and our costs of delivery we think are low,” added Grant. Germany’s Hockenheim, which returns to the calendar in 2018 after a year’s absence, has struggled financially while Belgium’s Spa track and Italy’s Monza have also had difficulties. He said Silverstone lost 2.8 million pounds ($3.60 million) in 2015, 4.8 million in 2016 and faced a similar loss from this weekend’s race. He blamed the ever-increasing hosting fees for the situation. “The cost of running the event is small relative to the amount of money it generates. The thing that puts the cost up is the promoter’s fee,” he told Reuters.