Silverstone secures British GP

The historic circuit of Silverstone has secured the British Grand Prix from 2010 after long negotiations with Formula One supremo Bernie Ecclestone. Silverstone was set to lose the race as Mr. E signed a 17-year deal with Donington Park, but the track failed to raise the funds to carry out a redevelopment project.

British Racing Drivers' Club President Damon Hill said: "The title of Silverstone as home of motorsport has come true. It is a place for all motorsport. Everyone in the BRDC loves motorsport and we are looking forward to the MotoGP as well as the British Grand Prix.

"It is not easy to enter into a contract of this magnitude and you have to take on a lot of responsibility, but the BRDC wanted this relationship to continue.

"Everyone was well aware that the British GP is not just a sporting event, but it is dynamo of the industry in this country. Losing it would have been damaging and perhaps there would have been no coming back."