Red Bull’s team owner, Christian Horner has questioned Silverstone’s decision to activate the break clause inserted in the 17 year contract signed with Formula 1.
Silverstone host the British Grand Prix and announced that they will not continue hosting the race after 2019 if a new deal is not agreed saying they have activated a break clause in the contract.
Horner has indicated that the decision to activate the break clause by Silverstone will have a tall effect and risk the race being moved to London street track. He said; “They signed a contract. They knew what they were entering and they’ve now realised they can’t afford it, despite having a full house every year”.
“They either shouldn’t have signed it in the first place or they got their maths wrong”.
Horner is also a member of the BRDC who owns Silverstone but indicated that he was not involve in the decision saying; “Liberty have made a commitment that there’ll be a British Grand Prix but with this London event happening, if that was a success – which hopefully it should be – with the recent legislation changes there have been in the City of London, you can imagine a London grand prix being pretty attractive to the Liberty guys”.
“So Silverstone need to be a little bit careful how they handle themselves and negotiate, that they don’t find themselves losing out. I’m amazed they have triggered their break clause”, he reiterated.
The Formula 1 hierarchy has the chance to renegotiate or sit down with BRDC to trash out issues that will see the British Grand Prix still take place at Silverstone.