Just a day after suggestions that Simon Gillett had paid the £12 million owed to Bernie Ecclestone's Formula One Management group to maintain a grasp on the British Grand Prix, reports in the British press have suggested that the F1 supremo has now 'given up' on the circuit's plans to host the race from 2010.
After numerous issues over planning and funding, Donington found itself in breach of contract with Ecclestone and was given a two-week period to remedy that breach; with the deadline passing earlier this week.
Reports suggested that Gillett had managed to find £12 million needed to solve that problem, although the issue still remains of where the extensive funding required to complete the work will come from – as well as the problem of how the circuit plans to get the venue ready in time for the race in the limited time available.
As a result, the Guardian
now claims that Ecclestone has 'given up' on Donington and will focus his attention on securing a deal with Silverstone to reclaim the rights to the race.
Those talks remain ongoing, with suggestions that there is still plenty of work to be done before a deal can be reached between Ecclestone and the BRDC for the race to return, with the circuit owners keen to ensure that any offer made is commercially viable.
“Nobody wants to talk about it for fear of jeopardising any possible deal,” a Silverstone insider was quoted as telling the 'paper. “Negotiations are at a very delicate stage.”
The British GP is currently slated to take place in July 2010.