Formula 1 bosses hoping for 'a long partnership' with Silverstone

Formula 1 bosses are "hoping for a long partnership" with British Grand Prix venue Silverstone as the circuit's position on the calendar beyond 2019 remains uncertain

Formula 1 bosses hoping for 'a long partnership' with Silverstone

Silverstone has a 17-year contract to host the race, which runs until the end of 2026, but owner the British Racing Drivers' Club is considering exercising a break clause because of financial pressures.

The first race of the current contract in 2010 cost organisers £12million and an escalator built into the arrangement, as is common in F1 venue deals, means it will cost around £26m by the final year.

Autosport understands the BRDC has yet to decide on whether to activate the break clause, but that it is highly likely to do so and then attempt to secure a fresh deal with better terms.

F1 commercial chief Sean Bratches says F1 is "in conversation" with the BRDC regarding its future on the calendar and insisted there is a desire to keep the race for the foreseeable future.

"We have an agreement firmly through 2019," said Bratches.

"Our view of the world going forward as relates to our promoters is our ability to inject enthusiasm in the sport and activate that in many ways.

"We really want to put the spectacular back into the spectacle.

"We're going to continue to move in that direction and put our energy into creating value for our promoters and we're looking forward to working with them to that end.

"Silverstone plays an obvious role in the history of this sport and our objective is to create an environment which makes a strong business case for everyone.

"It's early in the game, we're working closely with them and we're hoping for a long partnership with our friends at Silverstone."

A 21-race F1 season is planned for 2018 and new owner Liberty Media has made clear it wants to increase the number further in the longer term.

McLaren's Fernando Alonso said on Thursday that he would not be keen to stay in F1 if the calendar expanded substantially.

When those comments were put to F1 chairman Chase Carey, he replied: "I don't think it's constructive to get into hypotheticals.

"We've talked about adding another race in the US in a destination city like New York, Miami or Las Vegas and continue to evaluate those things.

"But priority one is making the events we have great.

"It's a quality over quantity process for us."

Bratches added that F1 would go "on the offensive" to encourage cites to host a grand prix.

"From a promoter standpoint, going forward we are going to be a bit more on the offensive than we have historically," he said.

"To do that, you'll have to be more equipped to deal with objections and you'll have to really sell to markets we think are important to grow this sport.

"We think the markets that are important to grow this sport are large cities with large fanbases that can be activated for the next generation of fans."

shares
comments
Honda's Hasegawa says it isn't lost despite F1 engine woe

Previous article

Honda's Hasegawa says it isn't lost despite F1 engine woe

Next article

Has Mercedes woken from its nightmare?

Has Mercedes woken from its nightmare?
Load comments
How F1’s other champion to emerge from 1991 thrived at Lotus Plus

How F1’s other champion to emerge from 1991 thrived at Lotus

Mika Hakkinen became Michael Schumacher’s biggest rival in Formula 1 in the late-90s and early 2000s, having also made his F1 debut in 1991. But as MARK GALLAGHER recalls, while Schumacher wowed the world with a car that was eminently capable, Hakkinen was fighting to make his mark with a famous team in terminal decline

The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

The squandered potential of a 70s F1 underdog Plus

The squandered potential of a 70s F1 underdog

A podium finisher in its first outing but then never again, the BRM P201 was a classic case of an opportunity squandered by disorganisation and complacency, says STUART CODLING

Formula 1
Sep 18, 2021
The other notable Monza escape that F1 should learn from Plus

The other notable Monza escape that F1 should learn from

OPINION: The headlines were dominated by the Italian Grand Prix crash between Max Verstappen and Lewis Hamilton, who had the halo to thank for avoiding potentially serious injury. But two days earlier, Formula 1 had a lucky escape with a Monza pitlane incident that could also have had grave consequences

Formula 1
Sep 17, 2021
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Formula 1
Sep 16, 2021
Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
How Verstappen is ruining his F1 title battle with Hamilton Plus

How Verstappen is ruining his F1 title battle with Hamilton

OPINION: The Italian GP clash between Lewis Hamilton and Max Verstappen followed a running theme in the 2021 Formula 1 title fight. Their close-quarters battles have often resulted in contact - and although Hamilton has shown a willingness to back off, Verstappen must learn to temper his aggression

Formula 1
Sep 14, 2021