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CEO of F1 Chase Carey has said that Liberty Media will not renegotiate a new deal to keep Silverstone as host for the British Grand Prix. The future of the race has been in doubt after high running costs of recent events.Carey however did admit that they are looking at other methods to ensure the safety of the tracks future.
"We are not going to renegotiate with Silverstone, but we will work with them to be good partners," Carey said.
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"The British Grand Prix is an important race in the calendar," confirmed Carey. "Although we want to stage new races in “destination” cities such as London, New York, Miami and Los Angeles, we recognise the European foundations of the sport and want to continue that tradition.
"With Silverstone, we want to help them promote the race. When there is an NFL game in London, the shops in Regent Street are full of it.
"We want to do that sort of thing with the British Grand Prix and also make the event broader, with the race at the centre of a full weekend show."
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