Silverstone has played down reports about the new British Grand Prix race fee, with no one providing light on the amount of money that will change hands between the owners of the iconic venue and Formula 1's new chiefs. Earlier this week, F1 announced that Silverstone will remain on the calendar for the next five years at least. The circuit-owning British Racing Drivers' Club had terminated the previous contract for financial reasons. British newspapers claimed the new fee is $25 million per year. Substantially less than the likes of Bahrain and Abu Dhabi are paying to host their races, although hard to confirm its believed both deals combined are well north of $100-million for the luxury...
Full Story »