Final deadline passes for Donington

The circuit had until midday today to solve the financial situation after admitting on Friday that efforts to raise a £135 million bond had failed. The deadline passed without news from the circuit.

However, the 2010 British Grand Prix was dropped from the official Donington website.

Formula 1 supremo Bernie Ecclestone is already in talks with Silverstone in order to reach a deal for the British race to be on the calendar next year.

BRDC president Damon Hill said on Monday that he was optimistic an agreement would be reached, but he made it clear Silverstone would not accept a deal that would hurt the track.

"I'm confident a deal can be worked out. The contract can be of any combination of years, but it has to be affordable," Hill told the BBC.

"There's a huge desire to get the deal done, but we're not prepared to put [Silverstone] at risk financially."