Silverstone to keep British GP until 2034
The future of the British Grand Prix at Silverstone has been secured for another decade following the announcement of a new long-term deal.
Silver stone' s five-year contract with F 1' sA me rican owners Liberty Media was up for renewal this summer.
And while – unlike in previous years – the race at the Northamptonshire track owned by the British Drivers' Racing Club was not in major doubt, yesterday's announcement safeguards one of the jewel soft he country' s sporting summer until at least 2034.
The deal is understood to be worth around £300 million, or £30m per year.
A record-breaking crowd in excess of 150,000 attended last year's Grand Prix with nearly half a million spectators passing through the gates over the course of the weekend.
F1 president and CEO Stefano Domenicali said: "I am delighted to announce that the British Grand Prix will remain on the calendar for 10 more years with this agreement. Silverstone is an iconic venue at the heart of F1 history and as it approaches its ninth decadehosting grands prix, the event continues to attract fans from around the world for fantastic racing on track and the amazing fan experience off it."
Silver stone chief executive Stuart Pringle added: "This long-term commitment reflects the importance of the british grand prix to formula 1 and their acknowledgement of our ability to deliver a world-class experience.
"The cheers of support for the home teams, and particularly for the British drivers on the grid, makes the Silverstone atmosphere unique."