LONDON, England – Formula 1’s American owner (since 2017) Liberty Media is said to be closing in on a deal to keep the British GP at the historic Silverstone track.
The story comes from the UK’s Financial Times newspaper and relies, the publications says, on sources familiar with the matter.
The report says the final stages of agreeing to a new deal with the British Racing Drivers’ Club, Silverstone’s owner, are in progress.
Silverstone, originally a Second World War Royal Air Force fighter base, hosted its first GP in 1950 and, The Corner understands from news reports, F1 CEO and chairman Carey Chase is keen to maintain this “historic core”,
Reuters and the FM remind that the future of the British GP beyond this year (2019) has been in doubt since the drivers’club invoked a clause in its contract with F1 soon after the Liberty takeover.
F1 icon Ross Brawn has been reported as looking at the British capital, London, for the British GP should the historic track fail to maintain ownership from 2020.
The Welsh capital, Cardiff, was another – but unlikely – venue.