- 5 updates
We've spoke to BBC F1 commentator Jack Nicholls about what Silverstone's 'release clause' could mean for the sport.
The motorsport pundit says he'll be astonished if in 2020 the British Grand Prix is not at Silverstone, though the brinkmanship won't be popular with F1 bosses.
Fomula One bosses Liberty Media have issued a statement relating to Silverstone's notice to quit staging the race.
They've branded the move as 'posturing'
The owners of Silverstone, The British Racing Drivers’ Club, has formally triggered the break clause in its contract with Formula 1, now owned and managed by Liberty Media.
This means that unless a new contractual arrangement can be reached with Liberty, 2019 will be the last year that the British Grand Prix takes place at Silverstone - the only viable venue for a British GP.
More to follow
Latest ITV News reports
The British Racing Drivers' Club have moved to activate a break clause, allowing it to terminate the contract for the British GP early.
The future of F1's British Grand Prix is in doubt after the owners of Silverstone announced they would trigger the release clause.