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BRDC triggers British Grand Prix break clause
As expected, the British Racing Drivers' Club has triggered the clause in its contract to cease hosting the British GP after 2019 This means that unless a new contractual arrangement can be reached with Liberty, the new owners of F1, 2019 will be the last year that the British Grand Prix takes place at Silverstone. The official statement confirming the move reads as follows: 'This decision has been taken because it is not financially viable for us to deliver the British Grand Prix under the terms of our current contract. We sustained losses of £2.8m in 2015 and £4.8m in 2016, and we expect to lose a similar amount this year. We have reached the tipping point where we can no...
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8y ago from Pitpass.com
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