Silverstone Circuit Secures British Grand Prix Until 2024

The Silverstone circuit will continue to host the British Grand Prix until at least 2024 following a new deal between Formula 1 and the track owners.

On Tuesday, it was announced that bosses from Silverstone and F1 had secured a new deal after two years of negotiations. This weekend’s British GP was shaping up to be the final one at Silverstone because the contract, which was expiring, hadn’t been renewed yet due to expense concerns.

“We have always said that, if it is to have a long-term future, our sport must preserve its historic venues and Silverstone and Great Britain represent the cradle of this sport, its starting point back in 1950,” F1 chairman Chase Carey said of the deal.

Also Read: London Street Race Could Replace Silverstone In F1 Calendar

BBC reports that Silverstone was on the brink of signing a new contract last month, but just a few days ago, expressed concerns about Formula 1 leadership adding a London city race to the calendar. According to the owners of Silverstone, the British Racing Drivers’ Club (BRDC), it would be unsustainable to host races both in London and at Silverstone.

Silverstone is one of the most iconic Grands Prix on the F1 calendar and with such a rich heritage it would have been disastrous for the sport and fans had we not managed to find a way forward,” chairman of BRDC John Grant said.

Speaking in more detail about the contract, Silverstone managing director Stuart Pringle said the circuit had been given the appropriate assurances that, if a second race in the UK is added to the F1 calendar, it won’t have a negative impact on the existing one.

“We’ve been given sufficient comfort in the event that F1 can bring an additional race in the UK on to the calendar that it is additional, and the fears we had have been sufficiently addressed in the contract. We are not against trying to grow the fan base in the UK and if a second race helps achieve that, great,” he said. “But we have taken a lot of commercial risk and we need to be protected. All the aims we set ourselves two years ago have been met to our satisfaction.”

  • CarCzarDesigner

    Great news! Great track!

Lexus On Schedule To Launch Its Latest Autonomous Tech Next Year

Lexus also says that, moving forward, all of its models will be offered with electrified powertrains.

High-Performance Cadillac CT4- And CT5-V Could Use Carryover Engines

A new report suggests the cars will have a twin-turbo V6 and a supercharged 6.2-liter V8.

Honda’s Working On Sporty Rear-Wheel Drive EVs With A 50:50 Weight Distribution

The company’s new BEV architecture will be launched by 2025 and underpin everything from crossovers to sedans.

Is The Subaru BRZ tS Making A Comeback In The U.S. For The 2020MY?

The tS was first introduced for the 2018 model year with visual changes and a sportier chassis .

Social Media Goes Alight In Turkey After Dessert Makers Road Rage Against Allegedly Pregnant Woman

The two men attacked a car with a pregnant woman in the passenger seat.

Lotus Evija Debuts With 1,973 HP, Will Become World’s Most Powerful Road Car

Lotus’ high-performance EV will rocket from 0-62 mph in less than three seconds and have a top speed in excess of 200 mph.

1987 Porsche 924S Baja Rally Car Is A Multi-Colored One-Off

This odd-ball 1987 Porsche 924S includes a set of 15-inch off-road wheels and tires.

Europe’s 2020 Mazda CX-30 Reveals All Its Secrets In 206 Photos

Besides the mega gallery, Mazda Europe has also released detailed specifications of the new CX-30 compact SUV.

Four Aussie Kids Steal Nissan Patrol For 900 Km Road Trip

Police are yet to charge the 14-year-old boy, two 13-year-old boys, or the 10-year-old girl.

Chris Harris Doesn’t Like New Supra, Says It’s Too German For Its Own Good

Monkey also revealed what he would prefer over the Supra from the current competition.