British GP fate to be known on Monday

[4me2]

British GP fate to be known on Monday

By Jonathan NobleFriday, December 4th 2009, 21:50 GMT

The fate of the British Grand Prix will be announced on Monday, with Silverstone management and track owner the British Racing Drivers' Club scheduling a press conference about the future of the event.
Silverstone has been locked in discussions with Formula 1 supremo Bernie Ecclestone about putting together a deal that will secure the long-term future of Formula 1's British round - following the collapse of Donington Park's plans.
Although there had been some sticking points, especially relating to the long-term fee structure, it had appeared that progress had been made in recent weeks.
Now, BRDC president Damon Hill and Silverstone managing director Richard Phillips will speak in London on Monday to discuss the outcome of the negotiations.
Silverstone has made it clear that it will not comment about the situation until the press event.

http://www.autosport.com/news/report.php/id/80437

[super mike]

I assume that the dates for the FoS will be announced as well, for those that were wondering.

[Copex]

The British Grand Prix has been saved. It will take place at Silverstone next year after the circuit and Bernie Ecclestone finally reached agreement.
Full story: Daily Mail

Silverstone WILL host British Grand Prix after agreement with F1 ringmaster Bernie Ecclestone



By Jonathan McEvoy
Last updated at 2:57 AM on 05th December 2009

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The British Grand Prix has been saved. It will take place at Silverstone next year after the circuit and Bernie Ecclestone finally reached agreement.

The news will be officially announced in central London next week, bringing an end to the on-off saga after 18 months of uncertainty.


Prized venue: Silverstone

Silverstone’s PR representatives put out a press release last night confirming that they would be ‘making a statement relating to the future of Silverstone and the British
Grand Prix’, at the Grosvenor House Hotel on Monday.
They declined to say more for the time being. Ecclestone initially offered the race to
Donington on a 17-year contract but that fell through due to a lack of funding.

Silverstone, the most frequent host of Formula One’s oldest race, re-entered the fray, though they were unwilling to meet Ecclestone’s demands — a £12million annual fee that would rise by seven per cent a year. It is understood that a long-term deal which does not imperil Silverstone’s financial stability has now been struck.

British Racing Drivers’ Club president Damon Hill will be making the announcement, which will whet the appetite for a duel between new McLaren team-mates Lewis Hamilton and world


Read more: http://www.dailymail.co.uk/sport/formulaone/article-1233383/Silverstone-WILL-host-British-Grand-Prix-agreement-F1-ringmaster-Bernie-Ecclestone.html#ixzz0YuskV9PS

[blaggard]

The bit I find odd is that anyone (Bernie) could have imagined that the Donnington plan would succeed, it had all the earmarks of BS right from the start!