BRDC makes offer for British GP

BRDC makes offer for British GP

The British Racing Drivers' Club (BRDC) has put in a bid to act as promoter of the British Grand Prix for the next three years. The Silverstone event has been on rocky ground for some time and Bernie Ecclestone has often threatened to remove it...

The British Racing Drivers' Club (BRDC) has put in a bid to act as promoter of the British Grand Prix for the next three years. The Silverstone event has been on rocky ground for some time and Bernie Ecclestone has often threatened to remove it from the F1 calendar unless the circuit is upgraded.

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Interpublic, the previous promoter, terminated its agreement earlier this year and Ecclestone took over the rights. However, he made it clear he did not wish to promote the event himself and was looking for someone to step into the breach.

"The BRDC has today submitted an offer to FOM to act as the promoter for the British Grand Prix through 2005, 2006 and 2007," said a statement from the Club.

"This offer has been made on terms that do not create a profit, and carry inherent commercial risk, for the BRDC. However, in the interests of maintaining the British Grand Prix in the United Kingdom we are prepared as a Club to make our contribution."

"It is the Club's hope for the sake of the sport and the industry in the United Kingdom that agreement can be reached. It is seen as the essential first stage in a programme of major development at the Silverstone Circuit so that it becomes a true statement of the world status of British motorsport and its industry."

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About this article
Series Formula 1
Drivers Bernie Ecclestone