British GP is vital - chiefs.A TRIO of team principals have hit back at Bernie Ecclestone's remark that Formula One does not need a British Grand Prix This article is about Formula One race. For other uses, see British Grand Prix (disambiguation). The British Grand Prix is a race in the calendar of the FIA Formula One World Championship. . Surrounded by the splendour of the new pounds 800m Yas Marina circuit that hosts the inaugural Abi Dhabi Grand Prix Grand Prix n. pl. Grand Prix Any of several competitive international road races for sports cars of specific engine size over an exacting, usually risky course. tomorrow, it is easy to joke such opulence is far removed from Silverstone. Yet the Northamptonshire track remains the only viable option for Britain to continue its hosting of what is officially the oldest race on the calendar following Donington Park's demise as a replacement venue this week. Silverstone Holdings managing director Richard Phillips Richard Phillips may refer to
 thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. yesterday in a bid to reach a compromise on
their contract stalemate.
The major bone of contention is understood to be a 7% escalator clause A stipulation contained in a union contract stating that wages will be raised or lowered, based upon an external standard such as the cost of living index. A term, ordinarily in a contract or lease, that provides for an increase in the money to be paid under certain conditions. on the initial pounds 12m deal that would result in Silverstone paying double that amount after 10 years. Understandably, there is serious concern amongst the teams as to the future of the race, with McLaren boss Martin Whitmarsh Martin Whitmarsh (born April 29 1958) is the CEO of the McLaren Formula One team. Career Whitmarsh graduated from university with a degree in Mechanical Engineering in 1980, and started work at British Aerospace (now BAE Systems) as a structural analysis engineer at its earlier this week voicing his thoughts. Red Bull's Christian Horner, Ross Brawn and Bob Bell, currently the acting boss at Renault, are all hoping a deal can be struck bearing in mind their teams are based near Silverstone. Asked if he disagreed with Ecclestone's comment, Horner replied: "Absolutely. "Silverstone and the British Grand Prix is a very important and significant part of the calendar. "It's a historic race that has been there since the start of the world championship. "It's a great circuit, the drivers love it, it's a local grand prix to probably more than 50% of the teams. "I really and sincerely hope, now the Donington bid has stumbled, a solution can be found between Silverstone and FOM FOM Figure Of Merit FOM Fundamenteel Onderzoek der Materie (Dutch organization for fundamental research of matter) FOM Formula One Management (racing) FOM Field Operations Manual (Ecclestone's Formula One Management). "I'm sure every effort is being made to achieve that. Certainly, we would see Silverstone as a great loss from the calendar should it not be there in 2010." |
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