Hondavirgin
10-12-2004, 08:52 AM
From F1-Live.com:
Silverstone secures Grand Prix deal
New five year deal for Silverstone
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Silverstone set for GP until 2009
Silverstone racing track owners agreed Thursday a five year deal with Formula One rights holder Bernie Ecclestone to continue to stage the British Grand Prix at the central England venue.
The track owners, the British Racing Drivers' Club, had to put pen to paper on a deal before Friday when the FIA will release the final version of next year's calendar.
Ecclestone and the BRDC had reached an impasse over the exact breakdown of the seven-year contract. He wanted a one-year deal with an option for six further seasons while the BRDC preferred a two- year initial period.
The future of the race, one of the oldest in the sport, was plunged into doubt when the British Grand Prix was left off the provisional Formula One calendar in October.
"I genuinely thought we were going to lose it," BRDC president Jackie Stewart told Sky News. "The Formula One teams definitely helped," he said. "Bernie Ecclestone never really wanted to lose the British Grand Prix ... and he was very cooperative in the end.
"The deal that has been struck was affordable," Stewart said. "We anticipate we will develop the land, and EMDA (East Midlands Development Agency) will help."
The most important issue was "making sure we don't lose money. We can't lose money." As for developments of the track itself, Stewart said: "In the short term we will continue where we are ... the course is one of the best. The pit and paddock facilities are good enough, although not as architecturally exciting as (those in) Shanghai, Bahrain and Malaysia."
Britain's sports minister, Richard Caborn, welcomed news of the deal. "This is a great day for the future of the motor industry in the UK. We have been working with the East Midlands Development Agency and the local authority to develop this industrial cluster at Silverstone and this should not only secure the long-term future of the all the teams operating out of the UK but will give the opportunity for others to join," he told the Press Association.
Source AFP
Great news! Always gives great races!!!
Silverstone secures Grand Prix deal
New five year deal for Silverstone
http://f1.racing-live.com/img/l3.gif
http://f1.racing-live.com/img/vide.gif
http://f1.racing-live.com/photos/imgactu/04/ambiance-silverstone_080704_163x220.jpg
Silverstone set for GP until 2009
Silverstone racing track owners agreed Thursday a five year deal with Formula One rights holder Bernie Ecclestone to continue to stage the British Grand Prix at the central England venue.
The track owners, the British Racing Drivers' Club, had to put pen to paper on a deal before Friday when the FIA will release the final version of next year's calendar.
Ecclestone and the BRDC had reached an impasse over the exact breakdown of the seven-year contract. He wanted a one-year deal with an option for six further seasons while the BRDC preferred a two- year initial period.
The future of the race, one of the oldest in the sport, was plunged into doubt when the British Grand Prix was left off the provisional Formula One calendar in October.
"I genuinely thought we were going to lose it," BRDC president Jackie Stewart told Sky News. "The Formula One teams definitely helped," he said. "Bernie Ecclestone never really wanted to lose the British Grand Prix ... and he was very cooperative in the end.
"The deal that has been struck was affordable," Stewart said. "We anticipate we will develop the land, and EMDA (East Midlands Development Agency) will help."
The most important issue was "making sure we don't lose money. We can't lose money." As for developments of the track itself, Stewart said: "In the short term we will continue where we are ... the course is one of the best. The pit and paddock facilities are good enough, although not as architecturally exciting as (those in) Shanghai, Bahrain and Malaysia."
Britain's sports minister, Richard Caborn, welcomed news of the deal. "This is a great day for the future of the motor industry in the UK. We have been working with the East Midlands Development Agency and the local authority to develop this industrial cluster at Silverstone and this should not only secure the long-term future of the all the teams operating out of the UK but will give the opportunity for others to join," he told the Press Association.
Source AFP
Great news! Always gives great races!!!