CEO claims Silverstone should retain the F1 race 'indefinitely'

CEO claims Silverstone should retain the F1 race 'indefinitely'

      "There is no other venue in the UK capable of hosting an event like this."

      Silverstone is likely to retain its Formula 1 race indefinitely. The British Grand Prix venue was the site of the very first modern F1 world championship race back in 1950, and this week, F1 CEO Stefano Domenicali celebrated this milestone with a visit to Downing Street and UK Prime Minister Keir Starmer.

      At the beginning of last year, Silverstone secured a 10-year extension to its contract with the sport, ensuring its annual presence on the calendar until 2034. This agreement alleviated concerns that the track, along with other long-standing European circuits, might lose its spot due to increasing hosting fees and F1’s expansion into new markets.

      Domenicali expressed confidence that Silverstone's place is secure even beyond 2034. "I believe that Silverstone has the right qualities to remain on the calendar indefinitely, as there’s no other location in the UK that can host an event like this," he stated.

      Nonetheless, he acknowledged some apprehensions regarding the post-Brexit landscape, mentioning potential "issues with visas and travel." "We shouldn’t face limitations on our ability to stay here for a weekend because we're coming from another country," the Italian remarked. "Additionally, it’s important to highlight that Silverstone is the largest sporting event in the UK, and we must ensure that we adhere to the plans appropriately."

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CEO claims Silverstone should retain the F1 race 'indefinitely'

Formula 1 | Silverstone is expected to retain its Formula 1 race without any problems - possibly indefinitely. The British GP location was the site of the inaugural modern F1 event.