It has been reported that the British Grand Prix is once again under threat, with the current Silverstone owners at breaking point over the cost of fees to host the race.
An article by ITV News includes information, including a letter from the owners of Silverstone, the British Racing Drivers Club (BRDC), which confirmed the “potentially ruinous risk” in hosting the Grand Prix.
The letter, dated December 19th was written by the BRDC chairman, John Grant, where he said he wanted “preserve the BGP” before dampening expectations to the members “the Board is considering whether we should give notice before the 2017 BGP (as required) of our intention to exercise the break clause in the BGP contract at the end of 2019.
“This is not a simple decision, and we will consider fully all the implications before coming to a conclusion by mid-year.”
It comes on the back of years of losses, including trying to sell the circuit off to Jaguar, which later fell through. A failed move of the race to Donington Park has left Silverstone the only circuit in the UK capable of hosting such a large event.