Silverstone’s house owners — the British Racing Drivers’ Membership (BRDC) — final week introduced its intentions to stop internet hosting the British Grand Prix after 2019, citing that race was not financially viable underneath the present phrases of the deal.
Signed on the finish of 2009 for a 17-yr interval, the contract has a 5% annual escalator on the promoter’s charge and the BRDC has stated it has reached a “tipping level.”
It misplaced almost £three million ($three.eight million) in 2015 after hosing that yr’s British Grand Prix and near £5 million (6.1 million) in 2016.
However Sean Bratches, F1 managing director for business operations, is assured that the race has an extended-time period future on the Northamptonshire circuit.
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