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Will the British Grand Prix survive at Silverstone after 2018?
As the British summer (hopefully) approaches, the usual annual speculation about the future of the British Grand Prix rears its ugly head; will it stay on the calendar or won’t it? What is abundantly clear is that when the circuit’s owners, the BRDC, signed the current 17-year deal with former FOM CEO Bernie Ecclestone back in 2009, it was Ecclestone who walked away with the spoils. With Mr E’s built-in annual five percent escalator, far in excess of local UK inflation, the current fee, running at around $22m per year, will reach more than $35m when the contract is due to end in 2026! Clearly if the race is not financially viable at today’s rate, the chances of the...
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7y ago from MotorsportWeek.com
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