Christian Horner slams Silverstone 'mismanagement' as they reveal €9m losses despite sell-out crowds

Red Bull team principal Christian Horner has accused Silverstone of "serious misjudgement and mismanagement" after the circuit's owners gave notice of their intent to pull the plug on Formula One.

The British Grand Prix is now in danger of being chalked off the calendar following the decision taken by the British Racing Drivers' Club which owns the Northamptonshire circuit.