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BRDC denies Silverstone will 'definitely' drop British GP

"No decision has been made, or will be made, until mid-July" - BRDC chairman John Grant on reports Silverstone will axe British Grand Prix after 2019
The British Racing Drivers' Club has denied reports it has already taken the decision to axe the British Grand Prix after 2019.

Earlier this week, British newspaper The Sun published a story headlined: “Silverstone 'will definitely drop' the British Grand Prix due to spiralling costs”. The report by Christian Sylt quoted a “senior member” of the BRDC, who allegedly said “they will have to give notice, there is no question about it because it is not affordable.”

However, in a statement issued on Friday night, BRDC chairman John Grant insisted that a decision will not be made until mid-July, adding that reports it will be “definitely” dropped were wide of the mark.

“Our objective is to preserve the British Grand Prix at Silverstone for many years to come but, of course, we can only do this if it makes economic sense,” Grant said. “As I have said before, we will be considering over the next six months if we should give notice of our intention to exercise the break clause in our Grand Prix contract at the end of 2019.

“No decision has been made, or will be made, until mid-July. In the meantime, we will be using this period to explore with all interested parties, hopefully in private, various ways in which we might work out a more sustainable proposition.”

Silverstone has a contract with Bernie Ecclestone's FOM to host the British Grand Prix until 2026, although a leaked letter circulated to BRDC members on December 19th and made public at the start of this month, said consideration should be given to activating a 'break clause' that would see it host the event for the final time in 2019 as otherwise it will put the venue at 'potentially ruinous risk'.


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SoSlo

January 21, 2017 10:08 PM

How is it possible to sell 140,000 tickets for the weekend and lose money as the circuit owner? Unless the government forks over taxpayer money, how can it continue? I don't live the UK, but I'm not sure many taxpaying citizens of ANY country are going to put up with much more of this financial glad-handing that takes place between government officials and F1/MotoGP/etc. I'm a big motorsport fan, but I have NO problem with my government NOT taxing me for this type of stuff and NOT giving it to already rich licensors (F1, etc.) These IP holders are super wealthy yet they put all the financial burden and risk on the taxpayer instead of using THEIR OWN CAPITAL to run THEIR OWN BUSINESS (F1, etc.).

mrfill

January 21, 2017 12:15 PM

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