BRDC offers to promote Brit GP
The British Grand Prix's future moved a stepped nearer being safeguarded today when Formula 1 supremo Bernie Ecclestone was handed an offer that could keep it on the calendar for the next three years
Circuit owners the British Racing Drivers' Club met with Ecclestone in London and offered to take over the promotion of the event - having been told that they had to come up with a promoter by September or the event would be off the 2005 calendar.
Despite the obvious financial risks of taking on such a responsibility, the BRDC believes it had no choice but to make that offer if the race's position on the calendar was to be safeguarded.
A statement from the BRDC said: "This offer has been made on terms that do not create a profit, and carry inherent commercial risk, for the BRDC. However, in the interests of maintaining the British Grand Prix in the United Kingdom we are prepared as a club to make our contribution."
The BRDC will now await Ecclestone's decision on whether he is willing to accept the terms.
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