British GP will 'definitely be dropped' by Silverstone for this reason: Donington eyed
SILVERSTONE could host its last British Grand Prix for the foreseeable future due to the huge costs of hosting the event.
13:47, Thu, Jan 19, 2017
| UPDATED: 14:12, Thu, Jan 19, 2017
Silverstone circuit is one of the most iconic tracks in racing
Silverstone first hosted the British Grand Prix in 1948 and the event rotated between the Northamptonshire circuit, Aintree and Brands Hatch.
It then became a permanent fixture at Silverstone in 1987 but that run could come to an end after 2019.
The track has a contract for the British Grand Prix until 2026 but early this month a letter from the president of the British Racing Drivers' Club (BRDC), who own the circuit, revealed a break clause.
Ayrton Senna is just one of the racing legends to have competed in the British GP at Silverstone
If it is activated before this year's race weekend in July, it will trigger a two-year notice period that will see the race dropped by Silverstone after 2019.
The hosting fee for the 2017 edition is just over £17million and the deal specifies a five per cent increase each year.
And while there are major concerns about this figure, the BRDC are hoping to find a new deal.
"We can’t do without the British GP, we can’t do without Silverstone, some compromise will be made, either with Bernie [Ecclestone] or the new people who are taking over F1, which is Liberty," BRDC chairman Derek Warwick said.
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But news emerged today to suggest that talks have been unsuccessful and that Silverstone's future as the British Grand Prix host is dead in the water.
“They will definitely drop the grand prix and see what is going to happen over the next two years," a senior BRDC source told The Sun.
Donington Park is said to be the preferred venue if the British Grand Prix were to move
"They will have to give notice. There is no question about it because it is not affordable.”
Express Sport understands the body have also been in touch with the government over potential funding.
However, the likelihood of public money being poured into the track is understood to be slim and would represent investment in infrastructure to support the grand prix and surrounding area as opposed to any yearly cash injection.
Donington Park was previously ruled out as an alternative by its owners due the track requiring significant changes in order to host single-seater racing.
But the business was taken over this month by Jonathan Palmer, a former racing driver whose son Jolyon drives in F1, and he is thought to be open to the idea of the move.
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