Silverstone terminates F1 contract!

Looks like there could be another GP in the desert then where fag advertising is more relaxed..

Statement from Silverstone Motorsport Ltd

Silverstone Motorsport Ltd is a wholly-owned subsidiary of the Interpublic Group of Companies and the operator and promoter of Silverstone circuit.

The Interpublic Group of Companies announced earlier today a deal with Formula One Administration Limited for the early termination of its British Grand Prix contract from 2005 onwards.  Its lease of Silverstone circuit from the British Racing Drivers' Club, the landowner, remains in place.  There is no change to the status of Silverstone Motorsport Ltd.

Silverstone Motorsport Ltd today confirmed that the 2004 Foster's British Grand Prix is unaffected and that the company remains fully focused on preparations for the event, to be held 9th-11th July.


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