Formula 1

Silverstone can sign GP deal on Tuesday - Ecclestone

Tuesday is the day on which Donington's Grand Prix contract could be formally terminated, according to Bernie Ecclestone. Last Friday was track boss Simon Gillett's deadline to remedy the breach of contract after failing to come up with funding ...

GMM

Published: Oct 26, 2009, 7:32 PM

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Tuesday is the day on which Donington's Grand Prix contract could be formally terminated, according to Bernie Ecclestone.

Last Friday was track boss Simon Gillett's deadline to remedy the breach of contract after failing to come up with funding for the renovations required to stage the 2010 British Grand Prix.

But Ecclestone, F1's chief executive, told the Daily Mirror that Tuesday is actually Donington's final deadline, after which the Silverstone circuit officials could sign the deal that is currently in their possession.

"Silverstone have a contract on their table. All they have to do is sign it, get it back to me and the race could be theirs on Tuesday if things fall over with Donington," said the 78-year-old.

The newspaper said Ecclestone and Silverstone are 2 million pounds sterling apart in terms of the annual promoter's fee.

A Silverstone spokesman said the contract referred to by the billionaire is not "commercially viable", but Ecclestone insists he is not prepared to agree a "cut price" British Grand Prix deal.

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