Reports: Silverstone Circuit sold

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Reports have emerged in the last twenty-four hours stating that Silverstone Circuit, home of the British Grand Prix, has been sold in order to allow a development programme to begin at the complex.

The track has undergone numerous changes in the past five years after almost losing the hosting rights for the race to Donington Park. However, after financial problems dogged Donington’s efforts to host a grand prix for the first time since 1993, Silverstone underwent a large development programme that saw the construction of a start/finish straight, and an alteration of the layout to make the track longer. As a result, the circuit held on to the rights to host the British Grand Prix, but of late financial problems have hindered any hopes of development.

However, this appears to have been resolved thanks to the sale of the circuit, which was confirmed by a source within the British Racing Drivers’ Club to The Independent.

“A deal has been done on Silverstone,” the source revealed. “I don’t know who bought it and I don’t know what the terms are, but it is absolutely categoric that a deal has been done and not due to be announced until next month probably.”

The deal is thought to allow an extensive upgrade in facilities take place, with Silverstone still lagging behind many of its European rivals such as the Nurburgring and the Red Bull Ring in Austria, with the latter joining the calendar next season.

Valtteri Bottas on Silverstone pole; Nico Hulkenberg a surprising third

F1 Bottas Hamilton Silverstone
Rudy Carezzevoli/Getty Images
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Valtteri Bottas nipped Mercedes teammate Lewis Hamilton in Silverstone qualifying Saturday to maintain the team’s hammerlock on F1 results this season while Nico Hulkenberg was a surprise in third.

Hulkenberg is filling in for Sergio Perez for the second consecutive race while the Racing Point driver recovers from coronavirus.

It’s the best F1 start since 2016 for Hulkenberg, who was left without a full-time ride after the 2019 season. He finished 20th at Silverstone last week when an engine problem on the grid prevented him ftaking the green.

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“The last seven to eight days have been crazy,” Hulkenberg said after qualifying. “This weekend I felt much better prepared. Q3 was just head down, full beans, and give it whatever I had.

“I’m a bit surprised to be standing here, but there’s a big smile on my face.”

Red Bull’s Max Verstappen qualified fourth and will be among the field trying to derail the Mercedes duo that has won the first four races of an F1 season delayed because of the novel coronavirus (COVID-19) pandemic.

“Feels good,” Bottas said after nipping Hamilton by a few hundredths of a second on his final lap for his 13th career pole position. ” I just love qualifying especially, when it goes well. Proud to drive this car. The race pace is there, so our first job is to get a good start off the line tomorrow and go from there.”

The impressive lap came two days after Bottas, who won the season opener in Austria, announced a one-year contract extension with the team.

Mercedes also is set to begin negotiating a new deal with Hamilton, who has won the past three races in F1 but was disappointed Saturday.

“Valtteri did a great job, but for me, it wasn’t a perfect last lap,” he said. “I don’t think many teams will be doing a one-stop race tomorrow so let’s wait and see how things turn out.”