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Silverstone boss admits 2016 race axe possible
A dark cloud has moved above the future of the British Grand Prix as a report in the Telegraph newspaper quotes Silverstone's managing director Patrick Allen as saying funding has become a problem, raising the prospect the historic race will be scratched. Writers Christian Sylt, Caroline Reid and Lucy Morson explained that with track bosses a year behind in the race fee to Bernie Ecclestone, a ‘letter of credit' is now necessary to guarantee the 2016 race is not axed. F1 CEO Ecclestone confirmed: 'They (Silverstone) are paying next year for this year's race because I have allowed them to do this otherwise they would have closed before.' And Allen said: 'Can I guarantee the future?...
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10y ago from GrandPrix247.com
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