Formula One news

Silverstone welcoming new shareholders

Silverstone Circuit owners the British Racing Drivers' Club (BRDC) voted to attract new sponsorship offers for the venue on Wednesday as those running the organisation agreed that its board should be able to permit new investment offers for the circuit and its surrounding grounds.

Damon Hill, BRDC President

With the race having seemingly lost its place on the calendar in favour of Donington Park for 2010, Silverstone still sees a chance of hosting the British Grand Prix should the Leicestershire circuit not meet the required standards of F1 commercial rights holder Formula One Management (FOM), run by Bernie Ecclestone.

'It was reiterated that the BRDC Board would only consider deals upon terms which were clearly favourable to the long-term future of British motor sport and to the Club,' an official BRDC press release reads.

"The resolutions proposed at this EGM (extraordinary general meeting) called for the powers, granted to the board at a previous EGM two years ago, to be extended to our core land," Robert Brooks, BRDC Chairman, explained. "I am of course pleased with the outcome; it further illustrates the BRDC's commitment to Silverstone and to the future of British motorsport."

Silverstone once again boasted sell-out crowds this season

"This vote is a significant result for the future of Silverstone," BRDC President and 1996 F1 World Champion Damon Hill followed up. "Today's EGM was not about selling Silverstone. BRDC members were voting on whether or not the board should be authorised to approach and negotiate deals, with potential investors, on behalf of the club - it is purely commercial. Silverstone is an international sports arena and we are continuing with plans to develop it in keeping with the very highest standards.

"The primary function of Silverstone will always be racing, hopefully with a British Grand Prix."

more news

• 27 Nov.
  • GPUpdate TV: Domenicali - high hopes for 2010
  • Jerez test: The cast
  • Wurz plays down USF1 link
  • Renault to test Baguette, Tung and Di Grassi
  • Alonso makes second visit to Ferrari
  • Force India confirms Sutil and Liuzzi
  • All new teams now FOTA members
  • Sauber buys team back from BMW
  • De la Rosa pushing for race drive
  • Ecclestone: I won't buy Donington
  • Haug becomes part of F1 in Schools
  • Volkswagen to provide F1 engines?
• 26 Nov.
  • Alguersuari: 2010 contract is signed
  • Conway and Ericsson to test for Mercedes
  • 4 driver options left for Lotus
  • 'F1 in need of Schumacher return' - Verstappen
• 25 Nov.
  • 'Fantastic opportunity' - Di Resta on Force India test
  • Recap: N.Technology court bid fails
  • BMW testers excited about Jerez
  • Brawn disappointed with Button drives, ponders Lauda
  • Piquet to drive in Massa kart race
  • Brawn aero chief wins award
  • Gillett disappointed with government position
  • Mercedes hopes to confirm line-up by Christmas
• 24 Nov.
  • Briatore verdict expected in January
  • Donington still hopeful over F1 race
  • Montreal race confirmation imminent
  • Massa names drivers for karting event
  • Campos car passes FIA safety tests
  • Strong test could seal drive, says Mallya
  • Force India to test di Resta and Hildebrand
  • Courts to hear Briatore case
  • Silverstone GP deal forthcoming
• 23 Nov.
  • GPUpdate TV: Sam Michael - building on 2009
  • Theissen waiting on entry decision
  • Mercedes delighted with Rosberg confirmation
  • Confirmed: Rosberg to Mercedes for 2010
  • Manor hoping to run in late January
  • Mercedes poised to announce first driver
  • Kobayashi: I expected to be re-signed

Homepage