Silverstone has a contract to host the British GP until 2026 — and is expected to host the race next year — but is struggling after losing rental income from selling a lease on 280 acres of land two years ago to clear its debts.
Silverstone’s plight led to it paying the hosting fee for the British GP in arrears and it faces a crunch year as F1’s chief executive Bernie Ecclestone has the right to terminate the contract in 2016.