GPWC wants SLEC deal this year

F1's car manufacturers have recommended that the series' commercial rights holders, SLEC, do a deal within the next five months, or increase the risk of a rival championship being set up. Ford's Richard Parry-Jones, director of GPWC Holdings, said a limit had to be set on current negotiations. "It is our intention to find a solution that benefits all parties," he said. "If we do not come to an agreement at the end of this year, we will focus all efforts on setting up the new series."

GPWC wants SLEC deal this year

A statement issued by the GPWC ahead of the British Grand Prix went on to say: "Although there are still a number of issues to be discussed, the discussions with SLEC shareholders so far have been constructive. The next step will be the official reaction from SLEC shareholders to GPWC's latest proposal."

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