Silverstone’s future on the Formula 1 calendar is now reportedly safe with a new deal in place that will take effect from 2020 onwards.
As it stands, this weekend’s race is set to be the last with extremely lengthy talks between Liberty and the British Racing Drivers’ Club leading to talk ramping up over a potential street race in London to become the new home of the British Grand Prix.
But, according to the Daily Mail, a ‘a new multi-year contract has been struck between Silverstone and Liberty Media’ and an announcement is due before Sunday’s race.
“I’m very positive there will be a successful conclusion before the Grand Prix,” Motor Sports Association chairman David Richards told Sportsmail on Sunday.
The report also states that talk of a new British Grand Prix in London helped speed up negotiations with Silverstone officials, while Formula 1 CEO, Chase Carey, met with government officials last week for further discussions.
Meanwhile, Lewis Hamilton, who has the opportunity to become a record-breaking six-time British Grand Prix winner this weekend, has issued another plea to keep the British Grand Prix at Silverstone.
“This is a Grand Prix we can never lose.