Citing the rising costs of hosting F1 under terms agreed with Bernie Ecclestone, Silverstone's owners the BritishRacingDrivers' Club activated a break clause in their contract last year ... "The BritishGrand Prix is one of the four races that featured in the first year of the world championship back in 1950 and we want it to stay there for the long term, as this is one of the true homes of motorsport....
However, the BritishRacingDrivers' Club (BRDC) have now realised that the deal they struck with Bernie Ecclestone, which included an annual 5% increment, would mean that by the end of the deal - the initial £11.5m fee would have risen to £25m....
Silverstone is owned by the BritishRacingDrivers' Club, whose original deal was agreed with former F1 supremo Bernie Ecclestone... "There is a desire within Liberty to see a street race in London and in an ideal world we would be fortunate enough to have both, but competition on the calendar is extreme and it is difficult to see two British Grands Prix."....
The BritishRacingDrivers’ Club, which runs the race, has opted out of its contract with Formula One, saying “it is no longer financially viable.” ... ....
LE CASTELLET, France, June 23 (Reuters) - Formula One bosses are hopeful that a deal can be reached with Silverstone to keep the BritishGrand Prix on the calendar after next year's race, having agreed an extension with Belgium... Bratches said conversations continued to be 'productive' and a meeting with BritishRacingDrivers' Club (BRDC) chairman John Grant and his Silverstone team was planned for London next week....
Formula One bosses are hopeful that a deal can be reached with Silverstone to keep the BritishGrand Prix on the calendar after next year’s race, having agreed an extension with Belgium... Bratches said conversations continued to be ‘productive’ and a meeting with BritishRacingDrivers’ Club (BRDC) chairman John Grant and his Silverstone team was planned for London next week....
Twelve months later on Saturday, in what is one the most remarkable stories of the year in the sport, the teenager entered the BRDC F3 (BritishRacingDriversClub) championship and finished on podium (third) driving for Carlin Racing in the first ......
With costs spiraling and some junior kart teams racing on six-figure budgets, young people hoping to emulate Hamilton’s rise from social housing to stardom are being priced out of contention ... “Right now racing is just ridiculously expensive,” he said ... The BritishRacingDrivers’ Club has activated a break clause in their contract that means a farewell unless a new deal is struck....
The British GP, launched in 1950, is F1’s oldest race. For the past 31 years it has been held at Silverstone, which is owned by the BritishRacingDriversClub (BRDC), a group of 850 motorsport luminaries including Nigel Mansell and Lewis Hamilton. ... This means that the cost of running the race came to £4.8m more than the £27.5m that it made in ......
In the mid-1990s, Hugo Spowers ran a Formula Threeracing team ... Every weekend, Formula One cars emblazoned with cigarette brands – Marlboro, Camel, Silk Cut – raced on TV in front of millions ... It was ludicrous ... At a party the night before the car was set to debut at the BritishGrand Prix, the chairman of the BritishRacingDrivers’ Club summoned Spowers, outraged ... Disillusioned and low on funds, he quit racing soon after ... *** ... ....