Formula One & Brit Grand Prix Sign 17 Year Deal
Silverstone – the site of Formula One’s first Grand Prix event, just signed a 17 year deal to being it back to the UK. Whether or not the British Grand Prix would ever find a new home was about as uncertain as whether or not the Canadian Grand Prix would come back to Montreal. Now, after months of debate, in-fighting and rumors, an agreement has been reached.
President of the British Racing Drivers’ Club & Silverstone’s owner Damon Hill came to an agreement on where to host this prestigious racing event with Formula One Hot-head Owner Bernie Ecclestone. Originally, Donington Park was to be the setting for 2010′s British Grand Prix. But according to reports promoters failed to secure proper funding and lost all rights to host a race. Silverstone, a former airstrip that held the original Grand Prix in 1948 & first Formula One race in 1950, is back on track (no pun intended) for at least five years.
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