SunSport’s Ben Hunt gives his view as the British Racing Drivers’ Club terminate the contract to host the famous race
SILVERSTONE chiefs are tipped to confirm they will terminate their deal to host the British Grand Prix.
Racetrack owners the British Racing Drivers’ Club (BRDC) signed their current 17-year contract with Formula One bosses in 2009, with fees soaring five per cent every year.
So the £12m cost of hosting the GP eight years ago will rise to £16.9m this summer and £27.5m by 2028.
Here, SunSport’s F1 expert BEN HUNT gives his view on the future of the most famous GP in the F1 calendar…
I am disappointed to see Silverstone activate the clause in their contract to scrap the British GP after 2019.
The race is a great event and draws in a massive amount of spectators, almost 140,000 on Sunday race-day.
However, it is difficult to have any sympathy for the BRDC, who own Silverstone, after all they agreed a deal that was supposed to run until 2026 knowing the full extent of what it would cost.
It is also incredibly naïve to think that just because F1 now has a new owners in Liberty Media that they can simply rip up the contract and get better terms.
Formula One gets green light for show run in London ahead of the British Grand Prix at Silverstone
Red Bull’s Christian Horner slams Silverstone chiefs and warns they could LOSE the British Grand Prix to London
Which F1 races will be live on Channel 4 in 2017? Full Formula One TV schedule for the new season – all you need to know
Silverstone’s owners trigger break clause in Formula One contract putting British GP in danger
Plus, if Liberty were to cave under Silverstone’s quit-threat, then surely every other race would try their luck.
Also the timing of the announcement – plus making it so public – can only damage relations with Liberty, who are planning a major show event in the capital.
Sadly, I cannot help but feel that this crude renegotiation tactic is only going to backfire on Silverstone.
Keep up to date with ALL the transfer news and gossip on our blog