Silverstone has agreed a 10-year deal with Formula 1 that will see the British Grand Prix continue at the historic track until 2034.
Silverstone, which staged the first F1 world championship race in 1950, has had its place on the Formula 1 race calendar threatened in recent years due to a desire from Liberty Media Group to introduce new races that are close to major population centres.
However, British Racing Drivers’ Club (BRDC)-owned Silverstone has now had it position confirmed after the deal was announced in a social media video with British Formula 1 drivers George Russell and Lando Norris.
Stefano Domenicali, President and CEO of Formula 1, said, “I am delighted to announce that the British Grand Prix will remain on the calendar for ten more years with this agreement. Silverstone is an iconic venue at the heart of F1 history and as it approaches its ninth decade hosting Grands Prix, the event continues to attract fans from around the world for fantastic racing on track and the amazing fan experience off it.
“I would like to thank Stuart Pringle and the Silverstone team for their hard work and dedication to take the British Grand Prix to new heights and I look forward to working closely with them as they look to further improve the facilities and fan experience over the next ten years.”
The 2023 British Grand Prix at Silverstone drew the largest combined attendance for any track during the entire Formula 1 season and has recently begun diversifying its race offering by staging music concerts over the course of the weekend.
Peter Digby, Chairman of the British Racing Drivers’ Club, said, “I am delighted we have secured a 10-year extension to host the Formula 1 British Grand Prix at Silverstone. This contractual security will provide a solid base for the further development of the venue as we continue to improve and transform the circuit into a year round international motorsport and leisure destination.
“The 2024 Formula 1 season will start with 9 BRDC Full and Honorary members on the grid and the importance of our continued support of young drivers is particularly evidenced by the success of Lewis, Lando, George and Alex.”
Stuart Pringle, Chief Executive Officer, Silverstone, added, “This long-term commitment reflects the importance of the British Grand Prix to Formula 1 and their acknowledgement of our ability to deliver a world-class experience for the British fans who are among the most enthusiastic and knowledgeable in the world.
“The cheers of support for the home teams, and particularly for the British drivers on the grid, makes the Silverstone atmosphere unique and I am looking forward to harnessing this passion for our sport and taking the event to the next level in the coming decade.”
The British Grand Prix 2024 will take place on 4th to 7th July.
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BRITISH F1 TEAMS SIGN DOUBLE DEAL
