Disagreement between Formula 1 leadership and British GP organization

A financial dispute between the organization of the Grand Prix of Great Britain and the lead of the Formula 1 raises new questions about a possible race or several races at the Silverstone circuit. Formula 1 believes they have unreasonable demands in Silverstone for organizing races on July 19 and 26, BBC Sport reports.

Silverstone initially had asked compensation of £ 15 million per race from Formula 1 owner Liberty Media. That amount is equal to the fairy which the organization normally has to pay for a Grand Prix. Formula 1, in turn, has offered to cover Silverstone’s costs. In addition, the circuit can expect compensation for lost income from, for example, ticket sales.

However, the wishes of the organization of the British Grand Prix are too limited in Formula 1. Silverstone is said to have revised the requirements down in recent days, but both sides are still far apart. A number of England-based teams have contacted the Formula 1 lead to express their displeasure with the attitude of the UK’s Grand Prix organization. They find Silverstone’s demands inappropriate and even excessive in times of crisis.

The Hockenheimring in Germany is considered a possible alternative to Formula 1 races on the dates still reserved for Silverstone. Imola would also be an option. Both circuits were not on the original 2020 Formula 1 calendar.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.