The Star Early Edition - - SPORT -

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.

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