British Grand Prix saved! Silverstone to continue hosting race after signing FIVE-YEAR DEAL
British Grand Prix saved!
[1945] Silverstone and Liberty Media signed a five-year deal in London on Tuesday
Published: 13:50 BST, July 10, 2019 | The British Grand Prix has been officially saved – with a new five-year deal to keep the national institution on the sports calendar
Sportsmail understands that the deal was signed by the two parties – Silverstone and the sportsmen Liberty Media – in the center on Tuesday evening London .
The news that the race will remain on the Northamptonshire circuit is a huge incentive for British motorsport.
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] This year's British GP was last held at Silverstone after activating the pause clause
Purchase Chase Carey, chairman and CEO of Formula 1, said: We are very happy to confirm that the British Grand Prix will remain on the FIA Formula 1 World Championships calendar for at least five years, with the event at its old home, Silverstone Circuit.
& # 39; We have always said that when it comes to a long-term future, our sport must retain its historic locations and Silverstone and Great Britain are the birthplace of this sport, the starting point in 1950.
& # 39; Today, Formula 1 is a global sport, held on five continents, watched by an audience of over 500 million fans around the world and our goal is to growing this number by bringing the sport we love to new countries, while retaining its roots: Silverstone and the British Grand Prix are an integral part of that vision.
The loss of a foothold in Britain would have been a huge blow to F1's and Liberty Media's sports owners, the British Racing Drivers & Club (BRDC), which consists of a 800-person, celebrity-only guest membership including five-time world champion Lewis Hamilton.
<img id = "i-2712370e797385e0" src = "https://ift.tt/2G2C8Yf -7231685-image-a-39_1562743870786.jpg "height =" 348 "width =" 634 "alt =" Lewis Hamilton is one of a series of big names who have talked about the importance of the job
Lewis Hamilton is just one of a series of big names who have talked about the importance of the track
Two years ago, the BRDC invoked a release clause that would have made this Sunday's race – on which Hamilton would favorite starts to add a record sixth win to his home event – the last
Silverstone and the BRDC were not satisfied with the rising price for hosting the Grand Prix, the cost would have risen to £ 26 million at the end of the contract, they had signed with former supreme Bernie Ecclestone in 2026. Even last year, when a record crowd flowed at the renovated airport, the event only broke.
Silverstone has been able to afford to find more ways to make money from the commercial opportunities that the race offers.
John Grant, chairman of the BRDC, said: & # 39; Silverstone is one of the most iconic Grands Prix on the F1 calendar and with such a rich history it would have been disastrous for the sport and fans were unable to find a way forward.
& # 39; 2020 becomes the 70th anniversary of the first round of the World Championship that took place at Silverstone on 13 May 1950 and makes next year's event all the more special.
& # 39; This is great news for the BRDC, Silverstone and Formula 1 – and for millions of British motorsport fans. & # 39;
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To the person on twitter who pointed out Jak got his first podium and points in front of James, thanks for making me cry at 5.30am. Hes probably so proud of Jaky Moon, as he should be. Can't wait for the screaming meals post that'll inevitably come
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