Formula 1's "most historic race, the British Grand Prix, is expected to get the red light" following a decision this week, senior sources close to the race organizer said, according to Christian Sylt for FORBES. The British Racing Drivers' Club has a contract to stage the British Grand Prix until '26 "and if it wants to pull out it needs to give two years of notice" to F1 owner Liberty Media. The "next opportunity to do this is before this year's race which takes place next weekend." The BRDC board "has reportedly been in contact with Liberty about improving its terms but is not understood to have made progress." In May, F1 CEO Chase Carey said that he "will not be renegotiating the contract." Carey: "We value Silverstone and we want the race to be a success and will work with them to help achieve that, but we won't be redoing agreements that were previously concluded in good faith between two parties." As a result of this, BRDC sources said that the race "is on track to be dropped imminently unless there is an eleventh-hour breakthrough." One BRDC member who is a senior automotive industry figure said, "Apparently there's been no movement from Liberty, who haven't had the time to address all the issues. So no bad will, just a lack of time." Although a decision "would need to be made before the race if the BRDC wants to pull out, it is likely that it would be announced afterward to minimize disruption" for Liberty (FORBES, 7/4).
