BRDC and Silverstone chiefs have activated a break clause that could see the end of the British Grand Prix at Silverstone after 2019. An annual 5% rise in hosting costs from when they signed the deal in 2010 was not sustainable in their eyes.
BRDC are getting criticism for having agreed such a deal back then but to be honest it was the only viable deal that could be struck which ensured that the British Grand Prix could continue. As ever, the blame has to be put on Ecclestone for running a greed culture that has seen more and more brilliant circuits priced out of hosting an f1 event. And also shame on the UK Government for doing nothing to support the race while it continues to fund . It's the only race on the calendar that doesn't receive government funding which is a disgrace when you consider how much the British motor racing industry has contributed to the British economy and all the incredible engineering successes it has achieved.
Plenty of people slating Silverstone, but they've turned increasing losses in the last 2 years.
Hard to see what other options they have. 2 - 4 million running.
At that rate it'll be 6, 8, 10 million losses to the end of the contract year on year.
Easily 30 million loss. How can they sustain that?
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