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Ross Brawn hopeful for future of British Grand Prix
Ross Brawn, Formula 1 Managing Director of Motorsports, 'is very optimistic' that a solution can be found between the sport's owners, Liberty Media and the Silverstone circuit in order to keep the British Grand Prix on the F1 calendar. Due to a ‘escalator' clause in the contract signed with former F1 commercial rights holder, Bernie Ecclestone, that saw the hosting fee for the British GP rise year after year, Silverstone opted to invoke its ‘break clause', in 2017. Liberty decided that it could not risk renegotiating a current deal, as it feared that other circuits would try and copy Silverstone's example in reducing race hosting fees. While it has been made clear by Liberty...
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6y ago from TheCheckeredFlag.co.uk
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