Silverstone buyout bidders pull out - report

The future of the British grand prix could be in tatters, in light of the latest news emerging from circuit owner the BRDC.

F1 business journalist Christian Sylt reports that two bidders, Jaguar and Laurence Tomlinson, have withdrawn their candidature to buy the historic Silverstone track.

"Their decisions come at a critical time for the (circuit owning) BRDC, with its accounts showing cash reserves fell to just 9,000 (British pounds) at the end of 2015," Sylt wrote in the Telegraph newspaper.

The FIA and Bernie Ecclestone have scheduled a July 9 date for the 2017 British grand prix.