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Silverstone and F1 locked in British GP financial standoff
As if the COVID-19 crisis was not enough to jeopardize this year's British GP, the showcase event is also under threat because of a financial stand-off between F1 and Silverstone Circuit. According to a report from the BBC, Silverstone is making "unreasonable demands" on F1's plans to stage consecutive races at the British track on July 19 and 26. Silverstone is reportedly demanding a £15 million fee from F1 to host this summer's British Grand Prix double-header, an amount the track usually pays to F1 as the event's franchise fee. Formula 1 is reportedly ready to cover all the costs associated with the two races and also offer a payment in compensation for lost ticket sales and...
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