The five-year long agreement between the Silverstone circuit, UK and MotoGP will come to an end on this weekend when the facility will host the 12th round of the Grand Prix. Unfortunately, instead of re-signing with Silverstone, MotoGP signed a five-year deal with yet-to-be-built Circuit of Wales, starting from 2015. In spite of it the Silverstone bosses are still quite hopeful that they will be able to retain the British Grand Prix. Talking to BBC Look East, the managing director of Silverstone Richard Phillips said that one can never say what will happen in the long run.
According to Richard, They have been in such a situation a lot of times before so let’s just say that there is still much more to play out. It’s been 27 years since the Silverstone circuit has been hosting British Grand Prix of Formula 1 round and it was close to losing the hosting to Donington in 2010. Luckily the deal remained inconclusive and Silverstone got the chance to continue hosting the motor racing round. Now that MotoGP has officially signed five-year agreement with the Circuits of Wales, Silverstone bosses are still optimistic because the new circuit is yet-to-be-built.
More importantly, the construction of the Circuits of the Wales will not be completed by the time the next British Grand Prix will take place. This means that MotoGP has to find another venue or sign another year deal with Silverstone to host the racing event. Thus, Phillips said that it is still not certain whether they will host the event next year or it will go to Donington. He also said that for now they are trying to hold the event at Silverstone, whereas in the long run they will just wait and see what really happens.
Adding to it, Phillips said that having more circuits is not bad because it’s a competitive market, but what he does not understand is that whether there is public finance backing for the Circuits of Wale project. Whether government is providing finances or it’s a prejudiced playing field, said Richard. The executive of the Silverstone said that the Circuits of Wales does not even exist on the map yet and its bosses also need to arrange funds in order to build it.
So perhaps in the coming six to 12 months period they will be in a position to tell whether the motorcycle race at the Circuit of Wales can take place in 2016 or not, said Philips. There is no doubt that Philips’ doubts are valid. Yet one should keep in mind that MotoGP would not have signed an agreement with Wales unless it has given them some strong a sureties. Nevertheless, the picture will get clear in the coming months.
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