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Liberty won't renegotiate Silverstone deal
Formula 1's new owners Liberty Media have made it clear that they won't renegotiate Silverstone's contract to host the British GP, which will reach £26m by 2027. When the British Racing Drivers' Club, who own the Northamptonshire track, entered a deal with Formula One Management in 2010 the hosting fee was £12million. But, factoring in a five percent increase year on year, it will reach £26m come 2027. The BRDC has warned that it would trigger a break clause to get out of the contract but had hoped that F1's new owners would be open to renegotiating the deal. They aren't. 'We will not be renegotiating the contract,' CEO Chase Carey told the Daily Mail. 'We value Silverstone and we want...
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7y ago from PlanetF1.com
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