New deal saves British Grand Prix

The British Grand Prix has been saved following a new deal agreed between Silverstone chiefs and Formula One supremo Bernie Ecclestone.

The news was confirmed today by Silverstone Circuits Limited, with the contract to run for the next 17 years.

It ensures the oldest race on the F1 calendar retains its place in motor sport history, with Silverstone able to step into the breach following Donington Park’s failure to meet its obligations.