Silverstone and F1 set to agree British Grand Prix deal

silverstone aerial

Formula 1 owners Liberty Media Corp are nearing an agreement to keep the British Grand Prix at Silverstone, the Financial Times reported on Monday citing sources familiar with the matter.

United States-based Liberty Media, which acquired Formula One in 2017, is in the final stages of agreeing on a new deal with the British Racing Drivers’ Club (BRDC), which owns the Silverstone track, the FT said.

Silverstone is a former World War Two airfield that hosted the first championship grand prix in 1950 and F1 CEO and chairman Carey Chase is keen to maintain.

A source close to the deal told FT, “Silverstone has a value. Chase wants to maintain the historic core of F1.”

The circuit is also a home grand prix for most F1 teams.

Big Question: How important is Silverstone for F1?