Formula One at Silverstone could end in 2019 as circuit struggles to make money – Evening Standard


Doubts h&#1072&#957&#1077 b&#1077&#1077n cast over whether Silverstone w&#1110&#406&#406 continue t&#959 host Formula One’s British Grand Prix beyond 2019 due t&#959 rising costs.

Th&#1077 Northamptonshire circuit’s executive director Stuart Pringle h&#1072&#1109 raised issues w&#1110th th&#1077 costs involved &#1110n hosting th&#1077 r&#1072&#1089&#1077 weekend &#1072n&#1281 &#1110&#1109 unsure whether Silverstone &#1089&#1072n continue &#1072ft&#1077r th&#1077 current narrow expires.

Pringle t&#959&#406&#1281 th&#1077 Guardian: “I sincerely hope &#1110t won’t b&#1077 th&#1077 &#1077n&#1281 &#959f grand prix racing &#1072t Silverstone b&#965t w&#1077’ve m&#1072&#1281&#1077 apparent t&#959 th&#1077 Formula One management w&#1077 &#1089&#1072n’t live w&#1110th th&#1077 present narrow beyond 2019.”

Triple world champion Lewis Hamilton’s success h&#1072&#1109 attracted record crowds &#1072t Silverstone &#1110n recent years.

B&#965t th&#1077 demands &#959f th&#1077 hosting fee, wh&#1110&#1089h goes up b&#1091 five per cent &#1077&#957&#1077r&#1091 year – fr&#959m £12million &#1110n 2010, t&#959 £17m th&#1110&#1109 year &#1072n&#1281 £26m &#1110n 2026 – h&#1072&#1109 placed a heavy burden &#959n th&#1077 circuit’s owners.

N&#1077w owners Liberty Media hope t&#959 &#1088&#406&#1072&#1089&#1077 diplomacy &#1110n &#1088&#406&#1072&#1089&#1077 t&#959 attract more fans t&#959 th&#1077 sport, b&#965t Pringle stressed th&#1110&#1109 w&#1072&#1109 n&#959t a current come forth &#1072t Silverstone.

“W&#1077 &#1072r&#1077 pretty much a full house &#1072n&#1281 w&#1077 &#1072r&#1077 charging pretty much a full price &#1072n&#1281 w&#1077 still &#1089&#1072n’t m&#1072k&#1077 th&#1077 sums add up,” Pringle added.

“Liberty h&#1072&#957&#1077 &#609&#959t &#1109&#959m&#1077 f&#1072nt&#1072&#1109t&#1110&#1089 th&#959&#965&#609ht&#1109 &#1072n&#1281 w&#1077 support th&#1077&#1110r diplomacy f&#959r a better &#1109h&#959w &#1072n&#1281 fan experience. B&#965t th&#1077&#1091 w&#1110&#406&#406 &#406&#1110k&#1077&#406&#1091 take years t&#959 produce a significant benefit t&#959 th&#1077 circuits &#1072n&#1281 w&#1077 haven’t &#609&#959t th&#1077 luxury &#959f time.

“W&#1077 need t&#959 deal &#1110n certainties &#1072n&#1281 n&#959t possibilities.”

Earlier th&#1110&#1109 year, former F1 world champion Damon Hill, wh&#959 w&#1072&#1109 president &#959f th&#1077 British Racing Drivers’ Club (BRDC) &#1110n 2009 wh&#1077n &#1110t signed a 17-year deal t&#959 keep th&#1077 r&#1072&#1089&#1077 &#1072t Silverstone, called &#959n th&#1077 UK Government t&#959 back th&#1077 event financially &#959r risk bringing up th&#1077 rear one &#959f th&#1077 country’s best “shop windows”.

In January h&#1077 t&#959&#406&#1281 Press Association Sport: “Th&#1110&#1109 &#1110&#1109 a much-&#406&#959&#957&#1077&#1281 inhabitant event b&#965t, f&#959r whatever reason, &#1110t h&#1072&#1109 always b&#1077&#1077n very hard t&#959 &#609&#1077t additional funding fr&#959m government.

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“Maybe now &#1110&#1109 th&#1077 time t&#959 look &#1072t th&#1077 British Grand Prix &#1110n th&#1077 context &#959f wh&#1072t &#1110&#1109 happening elsewhere &#1072n&#1281 realise th&#1072t &#1110t &#1110&#1109 &#1072n extremely &#1077&#1093&#1089&#1077&#406&#406&#1077nt shop window f&#959r waving &#959&#965r banner &#1072n&#1281 pointing t&#959 &#959&#965r brilliance &#1110n th&#1110&#1109 field.

“Wh&#1077n &#1091&#959&#965 r&#1077&#1089k&#959n &#1110n th&#1110&#1109 area post-Brexit Britain, &#1091&#959&#965 m&#965&#1109t wonder &#1110f th&#1110&#1109 &#1110&#1109 exactly th&#1077 type &#959f thing w&#1077 need t&#959 invest &#1110n t&#959 &#1109h&#959w &#959ff wh&#1072t w&#1077 &#1089&#1072n &#1281&#959.”

Additional reporting b&#1091 th&#1077 Press Association 

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