File photo: Matthew Childs / Reuters
File photo: Matthew Childs / Reuters

F1 'not handing out candy' as it negotiates with circuits

By Jonathan McEvoy Time of article published May 8, 2020

Share this article:

London - Silverstone and Formula One’s owner Liberty Media are in talks that will determine whether this year’s British Grand Prix goes ahead, with Hockenheim in Germany lined up as a possible replacement.

The intention remains to hold two races at Silverstone, on July 19 and possibly August 2, but negotiations are dragging on over the financial details. 

Formula One chief executive Chase Carey revealed on Thursday that conversations are also being held with promoters that are "currently not on the 2020 calendar" and that the Hockenheim track is at the front of that list. F1 is also reportedly willing to compensate Silverstone for loss of revenue brought about by a fan-free race. But it is understood that circuit bosses are demanding a bigger slice of the pie since Liberty freed up £1.1 billion (R25.3 million) of liquidity last month.

We're not "handing out candy"

While Carey is willing to see how he might "fairly support" partners, such as struggling circuits and teams, he said he was not in the business of "handing out candy".

That sounded, in part, like a warning to Silverstone but the track’s managing director Stuart Pringle refused to comment.

Austria’s Red Bull Ring in Spielberg readily agreed to stage the planned opening race of the revised calendar on July 5.

Daily Mail

Click here

to sign up for the IOL Motoring Newsletter and receive all the latest motoring news and launch reports, industry insights, car reviews and motorsport gossip in your inbox every Monday, Wednesday and Friday.

Share this article:

Related Articles