Future of British GP in doubt says BRDC
The British Grand Prix has just nine months to secure its future on the Formula 1 calendar, according to BRDC chairman and ex-f1 racer Derek Warwick.
Silverstone has a contract to host the British Grand Prix through to 2026, with a break clause inserted that comes into effect after the race in 2019, and can be exercised by the circuit or F1 supremo Bernie Ecclestone.
Warwick concedes the five per cent escalator clause inserted into a deal that was agreed in December 2009 has now become a financial burden to the circuit.
“We’re looking at where we are going to be in 2019, whether or not we still want the grand prix, and whether we can push Silverstone forward without the grand prix,” Warwick told Autosport.
“At the end of the day, if you can’t afford it, you can’t afford it.
“We’ve supported the British Grand Prix now for many years without any kind of third party support or government support.
“But now we are in a situation where the escalator [clause] has become too expensive for us.
“So we’ve got nine months to push the break clause through, or maybe Bernie will. You never know, you know what he’s like.”
The BRDC is currently negotiating with four parties interested in purchasing the circuit, and any one of those may yet come to Silverstone’s aid.
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