British GP Not Under Threat, Says Ecclestone

Formula One supremo Bernie Ecclestone dismissed fears that the British Grand Prix could be axed from the calendar in the near future despite heavy criticism from the Briton himself this week.

On Monday, Rob Bain, the Chief Executive Officer of Octagon Motorsports - organisers of the British Grand Prix - stepped down from his post following comments from Ecclestone, who compared the event at the Silverstone circuit to "a country fair."

However, the Briton on Wednesday said that Octagon has a ten-year contract and that there was no threat over the British Grand Prix.

"It's got a contract for the next ten years," Ecclestone told BBC Radio Five Live. "There's no threat."

But Ecclestone was again critical of the organisation of last Sunday's race.

"I was lucky to have a helicopter ride because it meant when there was a problem I told my driver to go all the way around the circuit and I could see for myself," Ecclestone added. "There were people standing in the road. They had hot-dog stands along the roads blocking vehicles and pedestrians.

"It was totally disorganised, and organisation costs nothing."