No British Grand Prix after 2019? BRDC triggers break clause over Silverstone
Jul 13, 2017, 00:38
Silverstone's owners, the British Racing Drivers' Club (BRDC), triggered a break clause in their contract on Tuesday that threw the future of the country's Formula One race into doubt. That being said, this should be no real cause for concern for aficionados of the sport and of the historic track, as it seems both Liberty Media and the BRDC are strongly interested in keeping a British Grand Prix on the calendar.
"They deserve to have the recognition for the historical value the circuit has, which has contributed to some incredible races".
With Chase Carey adamant that the deal can not be renegotiated, for such a move would encourage circuit owners to make similar demands, Brown suggests Liberty should consider buying the track.
Silverstone is a private members club and Grant said: "The revenue simply does not cover our costs and it can't go on".
"We can no longer let our passion for the sport rule our heads".
The BRDC has indicated that in 2015 he had lost 2.8 million pounds sterling (approximately $4.6 million CDN) and 4.8 million pounds (7.97 million dollars) a year ago.
"But we have also said in recent months that it is the BRDC's strategic direction not to sell Silverstone circuit".
"We feel there is no better way to celebrate the exciting season we have had so far than to have this landmark event in London on the eve of the British Grand Prix".
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Grant described Silverstone as the only "viable option" for the British GP.
Liberty has previously said it wants to engage with circuits in order to help them generate more revenue but Silverstone is already nearly at capacity in terms of selling tickets.
"There still is a great following in Formula 1 and I am excited for the new owners coming in and I hope they do something new".
This contract, signed with Bernie Ecclestone, included an annual 5% "escalot fee" which meant that the BRDC would have to pay an extra 5% per year, to host the Grand Prix.
Alternately, they could opt to choose another venue for the British Grand Prix, such as the rumored street race through London.
Chase Carey, chairman and chief executive of Formula 1, wants more street races, including one in London, says the paper, and although London Mayor Sadiq Khan is not a fan of the idea due to the pollution, Liberty Media is "considering the Docklands area in east London".
"We offered to extend the current deadlines in order to focus on everything that is great about Silverstone and Formula 1".
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