Warwick eyes 'compromise' over British GP
13 January 2017 – British Racing Drivers' Club President Derek Warwick is hopeful that Silverstone can find a "compromise" over the future of the British Grand Prix beyond 2019, following recent reports regarding the event.
Silverstone, owned by the BRDC, holds a contract to host the event until 2026, but a leaked letter written to members by Chairman John Grant in the build-up to Christmas suggests a contract option could be activated.
This gives Silverstone the option to drop the race after 2019, though the option must be exercised before the 2017 running of the event.
Warwick, though, is optimistic that Silverstone can continue to hold the race into the next decade.
"Basically, we're in January, Bernie [Ecclestone] has nothing to talk about so he picked on Silverstone," Warwick explained at the Autosport Show.
"We made a note to our members, giving them an update on Silverstone, a lot of [what] came out was that there was a possibility of activating the break clause before this year's event, for 2019.
"Don't worry, we 100 per cent have a Grand Prix for the next three years, up until 2019.
"I've got a feeling we can't do without the British Grand Prix, we can't do without Silverstone, some compromise will be made, either with Bernie, or Liberty [Media].
"We've had meetings with Liberty and [Formula 1 Chairman] Chase Carey, he understands our dilemma, we understand that he still has to make money as that's what these guys are doing."
Warwick also added that the BRDC has enquired as to whether any government funding could be release to assist Silverstone's plight.
Several governments provide financial aid in order to secure a Grand Prix, but this is not the case in Britain.
"There's light at the end of the tunnel, I think we will have a Grand Prix past 2019," he said.
"We are talking to government to see if there's any help there, I'm not really sure [but] even Bernie now is calling us saying 'let's set up a meeting and talk about it', so we're feeling very positive."
Warwick also added that officials would like to resurface Silverstone, but that it would cost between £2.5m and £3m.