The future of the British Grand Prix at Silverstone is in doubt, with the British Racing Drivers’ Club (BRDC) thinking about the possibility of activating a break clause to drop the Formula 1 race.
The clause within their contract, means they can end its deal at the end of the 2019 F1 season. If this decision becomes reality, Silverstone need to inform Bernie Ecclestone ahead of this year’s race. For a while now, this clause has been known about. With the excessive cost of hosting the annual race, this is making the threat of activating the break clause a reality.
Before Christmas, BRDC chairman John Grant sent a letter to members of the BRDC, but this was leaked to ITV. He said the circuit are worried financially of hosting an F1 race, with them considering all implications before coming to an conclusion.
“Your board would like to preserve the BGP at Silverstone for many years to come, but only if it makes sense to do so,” he wrote.
“And we have to protect our Club against the potentially ruinous risk of a couple of bad years. Without some change in the economic equation, the risk and return are out of kilter, and so we are exploring various ways in which this might be altered.
“Among other alternatives, 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.”