British GP secure despite Silverstone loss

Silverstone has played down suggestions the British grand prix is once again in doubt.

After the Donington fiasco, the Northamptonshire circuit re-secured its formula one race contract and has completed radical circuit improvements that are said to have locked-in the race’s new 17-year deal.

But the Telegraph reports on Tuesday that after making a profit in 2009, the circuit-owning British Racing Drivers’ Club has recorded a $3 million loss for 2010.

The report said the reason for the loss was the fact tickets could only be sold seven months before last July’s event in the wake of the Donington uncertainty.

Indeed, with revenue growing 23 per cent in 2010, BRDC chairman Stuart Rolt insists he is "very pleased and encouraged" by the latest figures.