09-Dec-2004
BRDC
The British Racing Drivers’Club (BRDC) and FOA today announced a contractual and financial agreement which will secure the future of the Grand Prix at Silverstone for the next five years.
In a statement BRDC President, Sir Jackie Stewart, and Chairman, Ray Bellm, said “After long drawn out discussions we have reached a satisfactory conclusion.
Our agreement today:
1 will secure the Grand Prix at Silverstone for the next 5 years
2 poses no serious threat to the finances of the BRDC and its responsibilities to its Members and will be a boost to the local economies around Silverstone.
3 will provide a sound foundation for the BRDC to work with the government agency EMDA and the private sector to develop Silverstone into a Centre of Excellence for British motorsport that will be the envy of the world.
4 will, by maintaining the Grand Prix at Silverstone, help to secure the continuing pre-eminence of the British motorsport industry in the United Kingdom.
“There has been much public debate on the future of the British Grand Prix. We hope that this agreement heralds a more stable and secure future for the race and consequently for our industry and sport in the United Kingdom.”
