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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 “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)

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  • 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

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