British Grand Prix at Donington Park from 2010
Following announcement with Formula-1 Management, the FIA has agreed that the British Grand Prix will be retained on the Formula-1 World Championship calendar, moving from Silverstone to it is new home of Donington Park from 2010.FIA President Max Mosley told, “After lots of years of patient but fruitless negotiation with the BRDC, we are delighted that Bernie has, however, been able to ensure that the British Grand Prix will keep its place on the Formula-1 World Championship calendar.
“We perceive that the development programme planned for Donington will succeed the very high standards we and FOM predict from a modern Formula-1 circuit. All in all, British Formula-1 fans will get the Grand Prix venue they deserve.”
FOM President Bernie Ecclestone told, “All in all the uncertainty is over. A contract has been signed with Donington Park and the future of the British Grand prix is now secure.
“We wished a world class venue for Formula-1 in Britain, something that the teams and British Formula-1 fans can be proud of. The main development plans for Donington will give us precisely that. A venue that will put British motor sport back on the map.”
“I'm sorry that we can't have helped Silverstone to raise the money to carry out the circuit improvements and run Formula-1. I think that the administration can have supported them which would have cost probably less than 0.002% of the administration's commitment for the Olympic Games.”
Donington Park last staged a round of the FIA Formula-1 World Championship in 1993, when Ayrton Senna took arguably his most famous wet-weather victory in the European Grand Prix. On the back of their new ten-year agreement, the East Midlands circuit is planning a 5-year, £100 million development programme to ensure a 1-class facility is in place for the 2010 track.
In a joint statement, Donington Park owners and joint CEOs Simon Gillett and Lee Gill told: “We are naturally delighted and extremely proud to have acquired the rights to bring Formula-1 back to Donington Park from 2010. At the starting of last year when we acquired the circuit and its substantial lands, we made clear our commitment towards realising the full potential of the Park by making the necessary investments in current and future events that will see Donington revitalised ensuring its leading position as one of the most iconic racing circuits in the world. “To that end, we have now entered a new and exciting chapter in the development of the Park and one that will bring significant investment and regional development while securing the future of one of the major important and significant sporting events in Britain.”
The funding for the Donington Park development will be led by a private investor who is also a large shareholder. Exact details of the venue’s plans will be released at a later date.
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