2019 May Be Silverstone’s Last Formula 1 Race

After 30 years of hosting the British Grand Prix, owners of Silverstone (The British Racing Driver’s Club) have triggered a ‘break clause’ in their contract. Unless they reach an agreement with new F1 owners Liberty Media, 2019 could be the last Formula 1 to be held at Silverstone. 

BRDC chairman John Grant said “This decision has been taken because it is not financially viable for us to deliver the British Grand Prix under the terms of our current contract. We sustained losses of £2.8m in 2015 and £4.8m in 2016, and we expect to lose a similar amount this year.”

He added: “We have reached the tipping point where we can no longer let our passion for the sport rule our heads. It would not only risk the very future of Silverstone and the BRDC, but also the British motorsport community that depends on us.”

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