Bernie Ecclestone tried to buy Silverstone

Date published: December 12 2018

Former F1 chief Bernie Ecclestone has revealed that he made an enquiry about buying Silverstone, but was told that the venue is not for sale.

This claim comes in light of the news that the British GP could be in doubt, as the current contract for the Northamptonshire circuit expires after the 2019 race.

“It would be nice to have one,” Ecclestone said about the future of the British Grand Prix.

“They could do a deal there, but I think they’ll have to come up with some sort of an idea of sharing the losses. Or profits, or whatever.

“They must be comfortable, Silverstone. I asked them if they wanted to sell, because I would have bought it, and they didn’t want to sell. They were not interested.

“We could have had the race, obviously. Anyway, they don’t want to sell, so they’re comfortable.

“They’re not desperate, but they’ve got to have an F1 race.”

There has been talk in the past of a race in the city of London, and after the F1 Live event, last year, those rumours increased.

However, Ecclestone said that his own look at the possibility had suggested that it was not a viable option.

“We looked at it. We looked at the whole thing, about eight or 10 years ago,” the former chief added.

“It’s too complicated, with too many restrictions.

“I had the whole thing laid out for the centre of London, past Buckingham Palace, everything was done.

“During the meetings I tried to explain to the City of Westminster and the mayor at the time that we’ve got to find the money to do this. And in the end let’s see how much money you’re prepared to put in.

“Between the two people that made a difference it was £3million.

“I said, ‘That will probably cover the cost of the mineral water for the hundreds of meetings we’ll have to have. So I think we’ll forget that’.”

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