Silverstone - Formula One owner Liberty Media is nearing an agreement to keep the British Grand Prix at Silverstone, the Financial Times reported on Monday, citing sources familiar with the matter.
US-based Liberty Media, which acquired Formula One in 2017, is in the final stages of agreeing a new deal with the British Racing Drivers' Club (BRDC), which owns the Silverstone track, the FT said.
Silverstone is a former World War Two airfield that hosted the first championship grand prix in 1950 and Formula One CEO and chairman Carey Chase is keen to maintain the "historic core of F1", the FT quoted one of its sources as saying.
The circuit is also a home grand prix for most Formula One teams.
The future of the British Grand Prix beyond 2019 has been in doubt after the BRDC triggered a break clause in its contract with Formula One a few months after Liberty Media's takeover in the hope of negotiating better terms.