The British Grand Prix will probably be held at Silverstone for the subsequent 10 years after the announcement of a brand new long-term cope with the venue on Thursday. Silverstone’s five-year contract with Formula One’s American house owners Liberty Media was up for renewal this yr. The Northamptonshire observe, owned by the British Drivers’ Racing Club, has battled hypothesis that it may lose the distinguished Grand Prix lately. But Thursday’s contemporary deal, price a reported £30 million ($37 million) per yr, retains the race at Silverstone till not less than 2034.

“I am delighted to announce that the British Grand Prix will remain on the calendar for 10 more years with this agreement,” F1 president Stefano Domenicali mentioned.

“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.”

The British Grand Prix has been an ever-present on the F1 calendar, courting again greater than 70 years, with Silverstone staging the game’s first world championship race in 1950.

A record-breaking crowd in extra of 150,000 watched Max Verstappen win final yr’s British Grand Prix, with almost half 1,000,000 spectators passing by way of the gates over the course of the weekend.

Silverstone chief government Stuart Pringle added: “This long-term commitment reflects the importance of the British Grand Prix to Formula One and their acknowledgement of our ability to deliver a world-class experience.

“The cheers of assist for the house groups, and significantly for the British drivers on the grid, makes the Silverstone environment distinctive.”

Liberty has flirted with the thought of staging a avenue race in London, however quite a lot of roadblocks have thwarted any critical progress.

The American firm’s dedication to Silverstone comes simply weeks after a brand new race in Madrid was confirmed from 2026.

The new F1 season begins in Bahrain on March 2, with Silverstone internet hosting the British Grand Prix on July 7.

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