P1racenews AI automatic summary:
Why new British GP deal shows F1 and Silverstone need each other
In recent months, more venues have signed long-term contracts with Formula 1, with several races having slots guaranteed until at least 2030. Melbourne currently leads the way with an end date of 2037. These longer deals provide F1 with a steady flow of race-hosting fee income for the future. However, due to the limited number of slots in the schedule (24 or 25 events), race promoters were feeling the pressure to secure their place. Suzuka and Silverstone were the last venues without guaranteed slots beyond this season, but Suzuka’s future was secured, alleviating concerns for British fans. F1 values experience and recognizes the challenges and risks associated with introducing new promoters, favoring the knowledge and expertise of established venues like Silverstone.
