The way forward for the British Grand Prix at Silverstone has been secured for one more decade following the announcement of a new long-term deal.
Silverstone’s five-year contract with F1’s American house owners Liberty Media was up for renewal this summer time. And whereas – not like in earlier years – the race on the Northamptonshire monitor owned by the British Drivers’ Racing Club was not in main doubt, Thursday’s announcement safeguards one of many jewels of the nation’s sporting summer time till no less than 2034.
The deal is known to be value round £300m, or £30m per yr. A record-breaking crowd in extra of 150,000 attended final yr’s Grand Prix with practically half 1,000,000 spectators passing by the gates over the course of the weekend.
The F1 president and CEO Stefano Domenicali stated: “I am delighted to announce that the British Grand Prix will remain on the calendar for 10 more years with this agreement. Silverstone is an iconic venue at the heart of F1 history and as it approaches its ninth decade hosting Grands Prix, the event continues to attract fans from around the world for fantastic racing on track and the amazing fan experience off it.”
Silverstone chief govt Stuart Pringle added: “This long-term commitment reflects the importance of the British Grand Prix to Formula 1 and their acknowledgement of our ability to deliver a world-class experience. The cheers of support for the home teams, and particularly for the British drivers on the grid, makes the Silverstone atmosphere unique.”
The British Grand Prix has been an ever-present on the F1 calendar, courting again greater than 70 years, with Silverstone staging the game’s first world championship race. Liberty has flirted with the concept of staging a road race in London, however a variety of roadblocks have thwarted any critical progress. Liberty has additionally been criticised for taking the game away from its conventional European heartland. But the American conglomerate’s dedication to Silverstone comes simply weeks after a new race in Madrid was confirmed from 2026.
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The new F1 season begins in Bahrain on 2 March, with Silverstone internet hosting the British GP on 7 July.
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