The British Racing Drivers Club (BRDC) has indicated that the Grand Prix of England in 2019 will be the last at Silverstone, unless the new owner of the F1, Liberty, will not reduce the costs to present the event.
"My view is that Liberty should buy Silverstone", said Brown.
"We will negotiate in good faith and in private with the sponsor in order to arrive at a fair settlement", read a statement released by F1.
It means that next year's race will be last held at the circuit, which first hosted the race in 1948.
In other words, Grant hopes it can strike a new deal with F1's new owners, one that would be more profitable for Silverstone than in the past, especially in the wake of the financially disastrous Brexit.
Of course, we have been here before, in particular under the Ecclestone era, but a deal was reached when he threatened to take the race to Donington Park.
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Silverstone's future has always been clouded, with Ecclestone regularly berating the BRDC in the past, but Horner expressed amazement that a contract that was secured with so much sweat had been broken.
Khan spoke on the day that crowds watched F1 cars parade up Whitehall to Trafalgar Square in a live demonstration to tie in with this year's British Grand Prix, which is on Sunday.
Grant also rejected suggestions that Silverstone could have waited until after the British GP to make its announcement.
"But we have reached the tipping point".
Toto Wolff says Mercedes is determined to return to its usual "high standards of performance and reliability" at the British Grand Prix after seeing Lewis Hamilton's chances hampered by auto issues at the last two races. June 16 was the deadline for them to activate the break clause in the contract.
"We sustained losses of £2.8m (15.47 million) in 2015 and £4.8m in 2016, and we expect to lose a similar amount this year". It had to be initiated before this year's grand prix, per the contract, so they're just in time.
"For me, I would question how it has been managed and the negotiations they had in the first place". We are the only credible venue as there would be so many issues with holding a race in London. Chase Carey, the chairman and chief executive of Formula One, said that he wants more street races, including one in London.