Silverstone managing director Circuit Stuart Pringle has claimed they will not pay over the odds to keep the British Grand Prix on the Formula One calendar.
It means 33-year-old Lewis Hamilton may only get one more shot at winning his home Grand Prix again.
“We got ourselves into a pickle because we had a business that was solely financed by the Grand Prix,” Pringle said while speaking at the BRDC Awards.
“We had to diversify, and we’re doing that. We’re going to build a hotel, we’ve got Silverstone Experience opening, and we have some additional short-stay luxury accommodation. Aston Martin are now tenants on-site.
“Things are very much heading in the right direction, and it gives us the confidence to say: ‘Lord knows we want to keep the Grand Prix, but not at any price’. We’re going to have a broader, more diverse business that can survive without it. But we’d much rather have one with it.”