0
A dark cloud has moved above the future of the British grand prix. A report in the Telegraph newspaper quotes Silverstone's managing director Patrick Allen as saying funding has become a problem, raising the prospect the historic race will be scratched.
Writers Christian Sylt, Caroline Reid and Lucy Morson explained that with track bosses a year behind in the race fee to Bernie Ecclestone, a 'letter of credit' is now necessary to guarantee the 2016 race is not axed. F1 CEO Ecclestone confirmed: "They (Silverstone) are paying next year for this year's race because I have allowed them to do this otherwise they would have closed before."
And Allen said: "Can I guarantee the future? No I can't. Could I hand on heart say to Mr Ecclestone, 'Don't worry, your money is absolutely safe for the next 10 years'? No I couldn't. To pull the contract would be a sad thing for Silverstone, it would be a sad thing for motor racing and it would be a very sad thing for Britain," he added.
The solution, Allen suggested, is for Silverstone to find a buyer. "You want somebody that has got lots of money, who loves motor racing, who really wants to run Silverstone profitably but has the capital to inject into the business so it fixes the balance sheet and takes the risk profile away," he said. (GMM)
Grand Prix of BelgiumLocal time
Grand Prix of BelgiumLocal time
Bahrain International Circuit - Winter testing
M. Verstappen
C. Sainz jr
C. Leclerc
Bahrain
Bahrain
Bahrain International Circuit
Bahrain
Bahrain International Circuit
Saudi Arabia
Jeddah Street Circuit
Australia
Albert Park
Japan
Circuit Suzuka
United States of America
Miami International Autodrome
Monaco
Monte Carlo
Canada
Gilles Villeneuve
Spain
Circuit de Catalunya
Austria
Red Bull Ring
United Kingdom
Silverstone
Hungary
Hungaroring
Belgium
Spa-Francorchamps
Netherlands
Circuit Zandvoort
Italy
Monza
Azerbaijan
Baku City Circuit
Singapore
Marina Bay Street Circuit
United States of America
Circuit of the Americas
Mexico
Autodromo Hermanos Rodriguez
Brazil
Interlagos
United States of America
Las Vegas Street Circuit
United Arab Emirates
Yas Marina Circuit
Replies (0)
Login to reply