Red Bull team principal Christian Horner believes if today's F1 Live London event proves to be a success it could point towards the future of the British Grand Prix, after the news broke of Silverstone activating its contract breakout clause.

Silverstone owners the British Racing Drivers' Club (BRDC) confirmed it has taken up a contract clause to end its British Grand Prix deal early, which could mean the final race would be in 2019 unless a new agreement can be made.

Reacting to the news, Red Bull boss Horner told reporters he wouldn't he wouldn't be surprised if F1 owners Liberty Media stood firm against Silverstone and looked at the option of organising a London street race to retain the iconic British Grand Prix event on the F1 calendar.

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On Wednesday (12th July), a first-ever gathering of every F1 team outside of a race weekend or testing will be held at Trafalgar Square as part of the build-up to this year's British Grand Prix, which Horner feels could lead to a future street race if the event proves successful.

"Silverstone is a wonderful track. The teams and the drivers love driving there and Liberty has made a commitment that there will be a British Grand Prix," Horner Reuters at the Red Bull factory. "But with this London event happening tomorrow, if that was a success - which hopefully it should be - one can imagine a London Grand Prix being pretty attractive to the Liberty guys."

While Horner, a BRDC member himself but inactive in its management decisions, says it would be a shock to lose Silverstone from the F1 calendar, he feels it would be a bigger blow to lose the British Grand Prix altogether from the sport and blames 'serious misjudgement and management' for causing the current situation.

"They spent a fortune on the pits and they put them in the wrong place," he said. "They have created a paddock with zero atmosphere at one of the most historic race tracks in the UK, so there has been some serious misjudgement and management one would say."

"It would be shocking to lose Silverstone from the calendar, It would be even more shocking to lose a British GP when you consider 80 per cent of the teams are based within the UK and how much the UK contributes to Formula One."

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I somehow get the feeling that Horner have become Bernie's proxy to meddle with the new owners efforts.

Another street circuit would be a significant nail in F1's coffin. It'll never happen though, the legal objections alone will take years and who'll foot the bill as the UK is pretty skint.

Quoting Horner,

''I am amazed that they have triggered their break clause.
Silverstone signed a contract in 2010, and they knew what they were entering into at the time.

''They have now realised that they can't afford it despite having a full house every year. They either should not have signed it in the first place or they got their maths wrong."

I do not want Silverstone to disappear from the calendar in favour of a London street race but lets not be blinkered here. The BRDC must have known what they were signing so lets not blame Bernies money grabbing contracts, or Horner for stating the obvious.

An F1 race in London will never happen, the cost and legal complications will see to that, also in case nobody had noticed this country is skint, how could you justify a race when the government cannot spend more money on the NHS etc. In any case we do not need anymore Micky Mouse street circuits, they are boring and will lead to the final demise of F1 as a major sporting event. Lastly a deal will be done with Silverstone sooner than later.

Does it matter where they hold it? If they chose my front room it would still be a boring procession !!!!!!!!!!!!!!