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
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.