No current plans for BRDC to sell Silverstone to Liberty Media

The BRDC has no plans to sell Silverstone to Liberty Media - Credit: Octane Photographic Ltd

The British Racing Drivers’ Club insists there are no plans to sell Silverstone to Liberty Media, despite the announcement on Tuesday that they have exercised their right to break their contract to host the British Grand Prix beyond 2019.

McLaren Honda Formula 1 Team boss Zak Brown had suggested that Formula 1’s owners take over the Silverstone Circuit, but John Grant, the chairman of the BRDC, has refuted this rumours, and there are no plans in place that involve any sale of the track.

“We are basically open to consider all alternatives with Liberty to find a sustainable and viable future for the GP,” said Grant to “But we have also said in recent months that it is the BRDC’s strategic direction not to sell Silverstone circuit. We don’t think we need to sell it.

“We see ourselves as the guardians of British motorsport. We think having the BRDC retain ownership of Silverstone helps achieve that long-term objective. So selling Silverstone is not actually on our agenda at the moment.”

Grant insists that the British Racing Drivers’ Club are not prepared to make a loss every year, and that the current contract was not viable moving forward.

“The BRDC is not looking to make a shedload out of the British GP, but at the same time we are not a charity organisation,” said Grant.