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Old 5 Jul 2017, 10:08 (Ref:3749042)   #1
Mike Harte
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The future for Silverstone as a F1 venue

From comments being made by various members of the BRDC, British Racing Drivers Club and current owners of the race circuit, it seems as though they may well have invoked the termination clause, or will do within the next 7 days, to cease holding the race after 2019.

It would appear that neither the BRDC nor FOM will be publically announcing that the clause has been invoked until after this year's race, in 10 days time, to avoid embarrassment to either party.

Apparently, the new team at FOM will not start negotiating with the BRDC over the current terms of the contract until after the early termination clause is invoked, but that it is hoped that a satisfactory compromise will be forthcoming during the following 2 years.

Meanwhile, FOM is examining the possibility of a second race in the USA, and now also in China. However, we are losing Malaysia after this year, and both Singapore and the current Shanghai races are in doubt for next year as well.
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Old 5 Jul 2017, 10:27 (Ref:3749051)   #2
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As I understood it Mike, it is not possible to revise the existing contract, so the BRDC would have to invoke the cancellation clause, and then hope to negotiate a new contract with Liberty on more favourable terms. With the new owners making plain that they wish to retain the 'historic' circuits one assumes that a more acceptable deal would be on the table.

Should the sport lose the race that introduced the current World Championship in 1950, over money alone, then it would not bode well for the future of other traditional venues, and could we could end up with a pan US/Asia series. A horrendous thought.
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Old 5 Jul 2017, 10:34 (Ref:3749054)   #3
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Bob, as even the worst lawyer in the world could tell you, if both parties to a contract want to re-negotiate the terms, then there is no court in the world that can stop them.

There is nothing preventing FOM sitting around the table to talk to the BRDC, except for the possible loss of income. And that's all they want; money.
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Old 5 Jul 2017, 11:13 (Ref:3749066)   #4
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Let's hope Liberty come to their senses and give them a better deal than Bernie did, because to lose this great venue with history would be a travesty for all concerned
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Old 5 Jul 2017, 11:52 (Ref:3749079)   #5
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Bob, as even the worst lawyer in the world could tell you, if both parties to a contract want to re-negotiate the terms, then there is no court in the world that can stop them.

There is nothing preventing FOM sitting around the table to talk to the BRDC, except for the possible loss of income. And that's all they want; money.
Mike, I hope you are not referring to my friend Ace.
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Old 5 Jul 2017, 12:01 (Ref:3749081)   #6
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Bob, as even the worst lawyer in the world could tell you, if both parties to a contract want to re-negotiate the terms, then there is no court in the world that can stop them.

There is nothing preventing FOM sitting around the table to talk to the BRDC, except for the possible loss of income. And that's all they want; money.

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Mike, I hope you are not referring to my friend Ace.
Bob, I couldn't possibly comment.
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Old 6 Jul 2017, 19:46 (Ref:3749329)   #7
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Let's hope Liberty come to their senses and give them a better deal than Bernie did, because to lose this great venue with history would be a travesty for all concerned
Liberty said traditional European GPs were key to F1's future.

https://www.motorsport.com/f1/news/l...future-881346/
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Old 6 Jul 2017, 23:17 (Ref:3749358)   #8
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But they also want City events, Liberty may play hardball, keep Silverstone at a cheaper price but include in a new contract that a promotional event (of a stipulated type and standard) has to be run in London ahead of the race weekend.
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Old 6 Jul 2017, 23:40 (Ref:3749360)   #9
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But they also want City events, Liberty may play hardball, keep Silverstone at a cheaper price but include in a new contract that a promotional event (of a stipulated type and standard) has to be run in London ahead of the race weekend.
I don't think they will play hardball, that's what Bernie used to do. As they said in that article: "The origin of F1 is in France and England, so we're big believers in making sure places like Silverstone and the French track and the German are on the race calendars and are exciting events, which are beneficial to all the players."
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Old 9 Jul 2017, 10:47 (Ref:3749723)   #10
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Given the way London played hardball over the start of the Tour De France (this years was supposed to be in London but they refused to pay the money the organisers wanted), I suspect its wishful thinking if F1 thinks they can get a city race at anything like the price of Silverstone. Silverstone has a lot more leverage here than people think.
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Old 9 Jul 2017, 10:58 (Ref:3749726)   #11
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Street events eh. What's that place in the Midlands? Brummyham or something?
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Old 10 Jul 2017, 10:05 (Ref:3750104)   #12
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Talk in the news today of a suggestion that Liberty could themselves buy Silverstone off the BRDC.

It was in the Sun, though.
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Old 10 Jul 2017, 13:26 (Ref:3750154)   #13
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This was mentioned in passing on Sky but wasn't specifically discussed.
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Old 10 Jul 2017, 13:35 (Ref:3750159)   #14
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And I think Autosport reported it too. It wouldn't be a bad move, as Liberty seem to care more about the sport than the bottom line, so it would hopefully help secure the venue
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Old 10 Jul 2017, 13:37 (Ref:3750161)   #15
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Talk in the news today of a suggestion that Liberty could themselves buy Silverstone off the BRDC.

It was in the Sun, though.
I dont much like the sound of that.

How much will ticket prices go up by? I am not too bothered about the F1 ticket prices, however I am bothered about other series that have to race there.
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