Sliverstone to host the British Grand Prix 2010

Officials from Silverstone are holding a press conference today expected to announce that a deal has been struck with Formula One's commercial boss Bernie Ecclestone for the racing circuit to host next year's British grand prix.

According to UK newspaper reports an agreement was reached on Friday for Silverstone to host the British grand prix for a number of years from 2010.

Silverstone has been the front-runner to stage the race after Ecclestone ruled out Donington Park’s chances of hosting the race in October. The company re-developing Donington failed to show it had the £135 million funding required.

http://www.sportbusiness.com/news/171131/silverstone-announces-british-grand-prix-future-today?utm_source=sbinsl&utm_medium=email&utm_campaign=dec7

British GP facing final deadline

Formula 1 chief Bernie Ecclestone says the fate of the British Grand Prix will be decided at a meeting on 9 December.

That is when the F1 Commission, which regulates the sport, is due to convene to rubber-stamp the 2010 race calendar.

"At the moment there is no British Grand Prix," Ecclestone told BBC Radio 5 live's Sportsweek programme.

Donington Park was set to host the British GP but was seemingly ruled out after failing to show it had the necessary £135m funding

But 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.

http://news.bbc.co.uk/sport2/hi/motorsport/formula_one/8371266.stm