The British Grand Prix could move to London in 2005, should
Silverstone fail to upgrade its facilities.
According to reports by
BBC Radio Five Live F1 tsar,
Bernie Ecclestone has 'refused to rule out the possibility'.
When asked about it he commented: "Everything is possible".
Silverstone has long been a target for Mr. E's critical eye, and improvements have been held up due to a row between himself, and the British Racing Drivers' Club [BRDC], which owns the track.
Should London stage the race in the future it would be the only real street circuit on the calendar, along with that at Monte Carlo.
F1 cars meanwhile though could get a sneak preview of London this July, as Mr E. is planning a demonstration run down Regent Street and round Trafalgar Square.
"There's a very good chance this is going to happen," Ecclestone told British newspaper
The Guardian. "We're working on it."
The run is being planned for July 6, however it is likely that only the teams' test drivers will take part, as the French Grand Prix takes place two days before.
BAR boss, David Richards has backed the idea. "I have been very supportive of the idea of running grand-prix cars in central London," he said. "This is a great opportunity to take the cars closer to the public and what better setting than in Regent Street? It is a great chance to promote the whole sport."
The broadsheet paper, in contrast to
BBC Radio Five Live, adds that "there is no suggestion that London is contemplating a street-circuit grand prix".