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Pringle: Silverstone finances 'rapidly descending a snake'

  • Published on 06 Aug 2020 13:43
  • comments 0
  • By: Coilin Higgins

Silverstone managing director Stuart Pringle has opened up on the negative financial implications being endured by the circuit thanks to the ongoing COVID-19 outbreaking, revealing that the funds are 'almost dry.'

Silverstone, which is holding two races this year on the revised 2020 calendar, was forced to close the doors on the sellout crowd that attends the Grand Prix every year.

Speaking to Reuters last weekend at the British Grand Prix, Pringle noted that the issues are having a negative impact on the circuit, which is currently undergoing major infrastructure developments.

However, Pringle noted that the associated banks with the circuit were standing by to help with the implications and he was sure next year's event could help make up the losses should it go ahead with fans.

“The piggy bank’s nearly dry. The bank’s standing by us, just as well,” Pringle explained.

“It’s a big game of snakes and ladders and having shinned up various lengths of 9the] ladder for the last five years we are now rapidly descending a snake. We'll just have to do it all again."

2020 races 'should not be compared' to normal race weekends

Pringle also commented on the current atmosphere at the circuit as it gets ready to host its second race in two weeks, believing those who were lucky to attend can't compare it to an ordinary race weekend at the circuit.

Silverstone, which hosted a Grand Prix every year since 1987, saw a crowd of 140,000 fans attend the circuit on race day last year to see Hamilton take his sixth victory on the circuit.

“This just should not be compared to a normal race for those of us who are here,” Pringle added.

“We know that the sport translates well to television because it has grown its popularity based on its television appeal and it translates much better in this strange environment than football or cricket do.

“But anybody who is lucky enough to be here is completely missing the atmosphere, so it’s completely weird.”

 

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Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
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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
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
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
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
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