- Five-year contract was scheduled for renewal in summer
- Track’s deal is understood to be worth around £300m
The future of the British Grand Prix at Silverstone has been secured for another decade following the announcement of a new long-term deal.
Silverstone’s five-year contract with F1’s American owners Liberty Media was up for renewal this summer. And while – unlike in previous years – the race at the Northamptonshire track owned by the British Drivers’ Racing Club was not in major doubt, Thursday’s announcement safeguards one of the jewels of the country’s sporting summer until at least 2034.