Formula One owners Liberty Media Corp are nearing an agreement to keep the British Grand Prix at Silverstone, the Financial Times reported on Monday citing sources familiar with the matter.
U.S.-based Liberty Media, which acquired Formula One in 2017, is in the final stages of agreeing a new deal with the British Racing Drivers' Club (BRDC), which owns the Silverstone track, the FT said.
Silverstone is a former World War Two airfield that hosted the first championship grand prix in 1950 and Formula One CEO and chairman Carey Chase is keen to maintain the "historic core of F1", the FT quoted one of its sources as saying.