Ecclestone seeking Silverstone deal

Reuters
Tuesday 27 October 2009 14:48 GMT
Comments
Silverstone appeared to have lost the Grand Prix to Donnington but now has a chance to keep it
Silverstone appeared to have lost the Grand Prix to Donnington but now has a chance to keep it (GETTY IMAGES)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Formula One supremo Bernie Ecclestone has declared an end to Donington Park's ambitious plans to host the British Grand Prix and offered Silverstone the chance to keep the race on the calendar.

The commercial supremo told today's Times newspaper Donington Ventures' efforts to raise the funds needed to develop the circuit were over.

Donington said in a statement last Friday that a £135m bond had failed to secure enough subscribers and they had until noon on Monday to remedy a breach of contract or lose the race.

That deadline came and went without comment, although Ecclestone told the Times it was actually midnight on Tuesday.

The Briton said there would be no penalties for Donington's failure and Silverstone had already been offered a similar 17-year deal for a traditional race whose place on the calendar now looks uncertain.

"They've got to tidy the whole place up a bit, but I'm optimistic they will accept it (the deal)," he added.

Next year's race is due to be held on 11 July, the same day as the World Cup soccer final in South Africa.

Silverstone, a former World War Two airfield, hosted the first championship race in 1950 and the British Racing Drivers' Club is keen to continue for the long term.

However, they have made clear they will only sign an agreement if it makes financial sense while Ecclestone has said he will not give them special treatment.

"I want a British Grand Prix, of course, but we are not going to do special rates for Britain," he told the Daily Express last week.

"If they (Silverstone) can't make it work then don't do it. If that happens, there won't be a British Grand Prix. Simple as that."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in