Motor racing-British Grand Prix secured with new Silverstone deal

ByReuters

Published 10/07/2019 at 14:17 GMT+1

LONDON, July 10 (Reuters) - Silverstone will continue to host the British Grand Prix, a home race for five times world champion Lewis Hamilton, beyond this weekend as part of a new deal with Formula One announced on Wednesday.

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The new contract, presented by Formula One chairman Chase Carey and Silverstone management at a news conference at the circuit in central England, will run until 2024.

"We are really pleased to confirm that the British Grand Prix will stay on the FIA Formula 1 World Championship calendar for at least the next five years, with the event remaining at its longstanding home, Silverstone circuit," Carey said.

Silverstone activated a break clause in 2017, under which 2019 would have been the circuit's last grand prix, because they felt the terms of the previous contract were not financially viable.

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Seven of the 10 teams are based in Britain and Silverstone hosted the first world championship grand prix in 1950. (Reporting by Alan Baldwin, editing by Ken Ferris)

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