Silverstone lifted by Liberty Media F1 deal
28 January 2017 – Derek Warwick, President of the British Racing Drivers' Club, owners of Silverstone, says the arrival of Liberty Media as F1's new owners will help secure the long-term future of the British Grand Prix.
Silverstone chiefs had intimated that an option in its contract, which allows the circuit to drop the race after 2019, could be activated before the 2017 running of the event.
However, Liberty Media's took over the sport on Monday, replacing long-time CEO Bernie Ecclestone with Chase Carey, and installing Ross Brawn and Sean Bratches in senior roles.
Carey swiftly made clear that the British Grand Prix would remain on the calendar beyond 2019, and Warwick is sure that the changing nature of the political landscape will be a boon for Silverstone.
"Monday definitely changed the face of 2017," Warwick told Sky Sports News.
"We know where we're going now with Liberty, we know where we're going with Silverstone.
"We are very positive we can now work this Grand Prix and make a profit in 2017. We're looking forward to 2017.
"What he [Carey] is saying to us is he might relax certain restrictions that Bernie has had on us over the last few years in terms of merchandising, marketing, sponsorship etc.
"We know for a fact there are some circuits out there that have more flexibility with their contract with Bernie than what we've got.
"So maybe they will join forces and make sure we can all use that expertise that other circuits have in order to make Silverstone more profitable."
Warwick also added that there is no viable alternative venue for the British Grand Prix.
"There's no other circuit in the UK that could hold a Grand Prix, not without massive investment and I'm talking hundreds of millions," he said.
"London? We've been talking about London for 10-20 years and I know that Chase and Liberty would like to go to all the big cities, but can you imagine holding a Grand Prix around Hyde Park? Never."