Guide Silverstone considers the possibility of refusal from holding the British Grand Prix due to the high costs, reports ITV News.
The British club racers, which owns the track in Northamptonshire and acts as promoter of the Formula 1, has sent its members a letter warning about the potential risk in the event of further losses.
Despite the success of the race in 2016, which brought together 139 thousand fans, Silverstone has continued to suffer financial losses.
In a letter dated December 19, BRDC Chairman John Grant has expressed a desire to retain the British Grand Prix, but added that the Council is considering the termination of the contract after 2019.
The agreement with the FOM calculated up to 2026, but may be terminated subject to the notices for two years.
“It was a difficult decision, and we need to consider all possible consequences before you decide to the middle of the year,” the letter says Grant.
The former Chairman of the BRDC, the triple world champion Jackie Stewart fears that this situation will lead to the loss of the national stage.
“I think this is a real threat, said the Scot. – It is possible that this will happen. It would be very unfortunate because currently there is no other circuit capable of taking the British Grand Prix”.
However, commercial boss of Formula 1 Bernie Ecclestone takes a different point of view.
“If they want to use the clause about early termination, we can do nothing,’ said Bernie. Two other circuit have already contacted us, we intend to retain the British Grand Prix”.
Want to get the most current news website on your mobile device? Subscribe to our channel in the Telegram!