Hosting Grands Prix and Formula One
Silverstone is the current home of the British Grand Prix, which it first hosted in 1948. The 1950 British Grand Prix at Silverstone was the first race in the newly-created Formula One World Championship. The race rotated between Silverstone, Aintree and Brands Hatch from 1955 to 1986, but relocated permanently to Silverstone in 1987.
On 30 September 2004 British Racing Drivers' Club president Jackie Stewart announced that the British Grand Prix would not be included on the 2005 provisional race calendar, and if it were, would probably not occur at Silverstone. However on 9 December an agreement was reached with Formula One rights holder Bernie Ecclestone ensuring that the track would host the British Grand Prix until 2009 after which Donington Park would become the new host of the British Grand Prix. However, the Donington Park leaseholders suffered economic problems resulting in the BRDC signing a 17 year deal with Bernie Ecclestone to hold the British Grand Prix at Silverstone.
Read more about this topic: Silverstone Circuit
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