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Silverstone agrees new 5-year deal
Formula One Management and Silverstone have agreed a new deal which keeps the British Grand Prix at the Northamptonshire track for the next five years. In 2017, Silverstone's owners, the British Racing Drivers' Club, activated a clause in their contract which effectively meant that this year's race would be the last. Having agreed a 17-year contract with Formula One's previous management that included a year-on-year increase in the hosting fee, just a couple of years into the deal the BRDC realised it didn't make financial sense and subsequently pulled the plug. 'We are really pleased to confirm that the British Grand Prix will stay on the FIA Formula 1 World Championship calendar for at...
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5y ago from Pitpass.com
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