Formula 1 owners Liberty Media say they are prepared to move the British Grand Prix away from Silverstone if they cannot agree terms with the BRDC, who promote the race.
No circuit other than Silverstone has held the British Grand Prix in the last 30 years. But in a press release ahead of the Brazilian Grand Prix F1’s commercial managing director Sean Bratches made it clear Silverstone’s history as a grand prix venue will not ensure it a place on future schedules.
“We’re a 68-year-old entity and the nature of grand prix racing is that it is dynamic,” said Bratches.
“Silverstone was the first grand prix, but we haven’t raced at Silverstone all [of] those 68 years. The race has been held at Brands Hatch and other venues. Nothing is immutable in this sport in terms of where we race.
“We do value certain races highly and we do what we can to preserve racing there, but we are a business. We are a public company and we have a lot of stakeholders and shareholders and we’re trying to marry what’s best for fans with running a successful business.”
Brands Hatch last held the British Grand Prix in 1986. It no longer holds the necessary FIA grade one licence to hold F1 racing. A plan to reinstate it as the home of the race failed in the early 2000s.
The only other British track to hold a round of the world championship since Brands Hatch is Donington Park, which held the 1993 European Grand Prix. In 2008 the track won a deal to host the British Grand Prix from 2010, but its plan also fell through and the race remained at Silverstone.
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