41 minutes agoF1: In “Silverstone” competed by 2019, contract aborted
Periskopi(9 years ago)
(9 years ago)Britain's Grand Prize Future in “Silverstone” seems to be in danger. This, as the owners of the runway, where Sunday's 16 July will be racing for the 10th time for the current season, have activated a clause to break the contract, seeking to negotiate a better deal in [...]
This, as the owners of the runway -- where on Sunday, July 16th will be racing for the 10th time for the current season -- have activated a clause to break the contract, seeking to negotiate a better deal in the future.
Thus, the Great Award of 2019 will be the last in “Silverstone”, at least as long as the new owners of Forum 1, “Liberty Media” will not reduce the race tax in order to help better cover the cost of preparing the race, according to what the British Association of Race Pilots declared (BRDC).
This decision has been made because for us it is not financially applicable to organise Britain's Grand Prize under the terms of the current “contract, the president of “has said. BRDC”, John Grant.
We lost 2.8 million pounds in 2015 and in 2016 a total of 4.8 million pounds. A similar figure is expected for this year. We have reached a point where we can no longer allow passion to guide us. Not only would Silverstone's future and our own association be endangered but also the entire British sports community of automobileism and motorcycling, which depends on us”.
The organizers of this prize have added that the tax should be reduced to 25 million pounds by 2026, which is also the last year of the current contract, which has been cut ahead of time due to economic hardship. We remember that this track has been racing every year since 1987. /
