News Details

BRDC activate Silverstone break clause

The British Racing Drivers' Club have officially announced that they have triggered the break clause in their contract to host the British Grand Prix. The BRDC initially signed their existing deal with Bernie Ecclestone in 2010, when the cost of hosting the race started at £12million. However, a  a 5% year-on-year increase in hosting fees would see costs rise up to an unsustainable £26million by 2027. This year was the final chance the BRDC had to break away from the current contract in place and will technically host their last British Grand Prix in 2019. But, the activation of the clause does not necessarily mean this is the beginning of the end for Silverstone. The BRDC...
Full Story »
7y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

BRDC activates 2019 British GP break clause

– The British Racing Drivers' Club (BRDC), owners of Silverstone,...
7y ago from GPUpdate.net

Ecclestone: I would be surprised we lose Silverstone

Former Formula 1 supremo Bernie Ecclestone believes Silverstone will stay...
7y ago from GrandPrix247.com

Decision day looms for Silverstone

Silverstone may trigger a break clause in its F1 contract next week but...
7y ago from SuperSport.com

British Grand Prix: Silverstone set to make...

Silverstone's owners are expected to announce on Tuesday that they will...
7y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

FIM announces MotoGP engine-freeze from 2025 season

The FIM has announced that there will be a two-year engine freeze for all...

A new MotoGP logo to be announced in Valencia

MotoGP has confirmed that it will unveil a brand-new logo at the Valencia...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Man City transfer news: Martin Zubimendi addresses...

Martin Zubimendi reaffirms his commitment to Real Sociedad amid fresh...
2h ago from SportsMole.co.uk

Chelsea, Arsenal 'in the mix' for £33.5m Brazilian...

Chelsea and Arsenal are among a number of Premier League clubs interested...
3h ago from SportsMole.co.uk

Comments

Hottest News

Binotto explains why he wouldn’t have signed Hamilton

Former Ferrari team boss Mattia Binotto says he... Read More »
31m ago from F1i.com

Horner sees positive side to Red Bull strategist's...

Red Bull Racing may have lost several important... Read More »
8h ago from GPBlog.com

Marko targeting NEW Red Bull seat candidate

Red Bull chief Helmut Marko has targeted a new... Read More »
1h ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.