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Last Updated: Thursday, 21 October, 2004, 17:06 GMT 18:06 UK
Silverstone pledges to battle on
Silverstone might be dropped from F1 next season
Silverstone bosses vowed to continue fighting to save the British GP despite claims from F1 supremo Bernie Ecclestone the race would be axed.

Ecclestone told the British Racing Drivers' Club, Silverstone's owners, that talks were over after failing to reach agreement over contracts.

But the BRDC hopes pressure from F1 teams can move Ecclestone to back down.

BRDC boss Sir Jackie Stewart said: "We will explore other avenues by talking to teams, manufacturers and sponsors."

After a BRDC board meeting on Thursday, Stewart added: "We hope there will be a positive support for the British GP as a result of the F1 team principals meeting with Bernie Ecclestone on Friday."

We have done our utmost to come to an agreement but the present terms are not financially viable
BRDC chairman Ray Bellm

BRDC chairman Ray Bellm said: "We have been in intense negotiations for nine months and we met the bulk of the terms, including closing the gap on fees. We thought we were close to agreement.

"However the major stumbling block is over the length of contract. The only way forward for us is a two-year contract which would give us time to plan and secure the long term future for the British Grand Prix.

"We have financial limits on what we can afford.

"We need a British Grand Prix to sustain the long term stability of the valuable British motorsport industry and for the sake of Silverstone.

"We have done our utmost to come to an agreement but the present terms are not financially viable."

Silverstone eyes unofficial race
21 Oct 04  |  Formula One
Ecclestone ends British GP talks
20 Oct 04  |  Formula One
Mansell group submits new plan
14 Oct 04  |  Formula One
British GP given provisional date
13 Oct 04  |  Formula One
Team bosses hopeful for GP
09 Oct 04  |  Formula One
British GP still uncertain
07 Oct 04  |  Formula One
Button in Silverstone plea
07 Oct 04  |  Formula One
GP 'to stay at Silverstone'
09 Oct 04  |  Formula One
Clock ticking on Silverstone
01 Oct 04  |  Formula One
British GP axed
30 Sep 04  |  Formula One

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