SportBusiness.com

Ecclestone reveals British grand prix deadline

Formula One chief Bernie Ecclestone has disclosed that a deal must be done by December 9 if a British Grand Prix is to take place next summer.

Ecclestone ruled out Donington Park’s chances of hosting the race in October after the company re-developing the circuit failed to show it had the £135 million funding required. 

The focus is still on Silverstone, which has yet to agree financial terms and faces a warning from the sport that it must modernise its facilities in order to host the event again.
 
"They had a contract in place that they could have signed if they'd wanted to but they haven't. At the moment there is no British Grand Prix," Ecclestone told BBC Radio 5 Live's Sportsweek programme.  "I think December 9 is when the Formula One commission meet so that's when it will be taken off the calendar. If there's no contract in place there won't be a British Grand Prix."
 
The date is when the Formula One Commission, which regulates the sport, is due to convene and rubber-stamp the 2010 race calendar.