Silverstone rescues British Grand Prix in 17-year deal.

(From Yorkshire Post)

The news was confirmed today by Silverstone Circuits Limited, with the contract to run for the next 17 years.It ensures the oldest race on the F1 calendar retains its place in motor sport history, with Silverstone able to step into the breach following Donington Park's failure to meet its obligations.Concerns had initially been raised with regards to the terms of the contract as it was understood Ecclestone was looking for a seven per cent annual increase on an initial AGBP12m starting fee.But Silverstone Circuits Ltd and the BRDC are adamant they have not agreed a deal that would ultimately bankrupt the track.Phillips remarked: "The details have been …