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SBD Global/May 12, 2014/Facilities

F1 CEO Bernie Ecclestone Casts Doubt Over Future Of British Grand Prix

F1 CEO Bernie Ecclestone has "cast doubt over the future of the British Grand Prix due to uncertainty about the ownership of Silverstone, the historic race track in England which hosts the race," according to Christian Sylt for FORBES. Silverstone is owned by the British Racing Drivers' Club, a group of 850 "senior motor racing figures which took over the lease of the track from Britain's Royal Automobile Club" in '52. Ecclestone: "God only knows what is going on at Silverstone, it’s quite incredible. This is the BRDC. That’s the problem. ... Who knows whether the race is at risk. We have come to an arrangement with them. I’m happy with that." Although Silverstone hosts "more than 50 motor races every year, the reason that the track loses money is largely due to the single F1 Grand Prix." Race organizers "generally do not get any revenue from F1's television broadcasts or its corporate hospitality and advertising hoardings during a Grand Prix" (FORBES, 5/10).
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