The British Racing Drivers Club has issued a statement dismissing suggestions that Silverstone will definitely drop its Formula 1 race following the 2019 season.
Doubt was cast over the future of the British Grand Prix at Silverstone following a leaked letter from BRDC chairman John Grant, in which he admitted to concerns about the cost of hosting the race.
Grant admitted that BRDC officials were considering triggering a clause in Silverstone’s F1 contract that would allow it to end its commitment after 2019 due to “ruinous” costs.
In a statement issued on Friday, the BRDC stressed that no final decision had been made and that suggestions a final decision to drop the race had already been made were incorrect.
“The British Racing Drivers Club wishes to make clear that recent press reports suggesting that talks have been unsuccessful and that the British Grand Prix will definitely be dropped after 2019 are speculative and wrong,” the statement reads.
“Our objective is to preserve the British Grand Prix at Silverstone for many years to come but, of course, we can only do this if it makes economic sense,” Grant added.
“As I have said before, we will be considering over the next six months if we should give notice of our intention to exercise the break clause in our grand prix contract at the end of 2019. No decision has been made, or will be made, until mid-July.
“In the meantime, we will be using this period to explore all interested parties, hopefully in private, various ways in which we might work out a more sustainable proposition.”