British GP solution is on the table

Speaking after Bernie Ecclestone's Formula One Management and Silverstone's owners, the British Racing Drivers' Club, failed to agree on a solution, Mosley told AUTOSPORT that the sticking point is the amount of rent that the BRDC charges for the use of the circuit on British GP weekend.

"My understanding is that they refused a specific proposal," said Mosley. "Jackie [Stewart, BRDC president] and Martin [Brundle, BRDC chairman] kept questioning how much money FOM received, but there's a certain price for a grand prix and we can't have every other grand prix running to one price and Britain running for less.

"What's been put to the BRDC is that they take a great deal less rent and do not monopolise facilities at the circuit. In return for that, Bernie and Octagon [now Brands Hatch Circuits] would finance the building and all the work.

"So is there anything holding the thing up? Everyone seems to be agreeing. This is a blinding deal from their [the BRDC's] point of view. It's open and shut. No rational person could argue against it."

Mosley hinted that the money the BRDC has been charging for rent has been generous to say the least: "£5million is a lot for a disused airfield that has been given to you anyway."