user icon

Silverstone rubbishes £30m offer to Liberty Media report

  • Published on 18 Dec 2018 10:08
  • comments 3
  • By: Fergal Walsh

The British Racing Drivers' Club (BRDC), the organisers of the British Grand Prix, has denied reports that suggested it had offered Liberty Media a £30million solution to keep Silverstone as the home of the British GP.

Silverstone's current contract with F1 runs out after the 2019 event, following the activation of a break clause in 2017. Due to rising costs, the BRDC opted to end its deal early and attempt to strike up a new agreement with then fresh owners Liberty Media.

In recent days, there have been reports that it has offered Liberty a large sum of money to remain on the calendar. However, the BRDC has labelled the story as "pure fiction and spurious speculation".

“As previously stated, we have no intention of talking about the British Grand Prix contract negotiation in public,” BRDC chairman John Grant told Racefans.net. “The Pitpass and Mail on Sunday articles are pure fiction and spurious speculation.

“As has been made clear recently by Stuart Pringle, Silverstone’s managing director, we have consistently said that we would like to maintain the British Grand Prix at Silverstone.

“But only on terms that are commercially viable and, obviously, that means a deal that is also commercially acceptable to Formula 1. We have agreed with F1 to keep these discussions private and will continue to do so.”

Silverstone has hosted the British GP every year since 1987. Before that, it held it every second year on a routine with Brands Hatch. Should Silverstone disappear from the calendar after 2019, it is believed there will be no immediate replacement venue. 

Replies (3)

Login to reply
  • Gfy Silverstone. I am sure every other suitable venue in England would be thrilled to host the GP.

    • + 0
    • Dec 18 2018 - 15:49
    • Bhurt

      Posts: 320

      Yeah. Who are they to refuse losing a ton of money so that other people can get rich at their expense!

      • + 0
      • Dec 20 2018 - 15:59
  • “The Pitpass and Mail on Sunday articles are pure fiction and spurious speculation." Those kinda sayings tend to imply that there is some degree of truth in it, knowing a bit about how corporate tossers tend to react to leaks and the likes.

    • + 0
    • Dec 18 2018 - 19:21

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country United Kingdom
  • Date of b. Sep 12 1963 (58)
  • Place of b. Portsmouth, Hampshire, United Kingdom, United Kingdom
  • Weight 0 kg
  • Length 0 m
Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
8 - Oct 10
Japan
8 - Oct 10
Turkey
22 - Oct 24
United States of America
5 - Nov 7
Mexico
12 - Nov 14
Brazil
19 - Nov 21
Qatar
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
8 - Oct 10
8 - Oct 10
Turkey Istanbul Park
22 - Oct 24
United States of America Circuit of the Americas
5 - Nov 7
12 - Nov 14
Brazil Interlagos
19 - Nov 21
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar