The British Grand Prix is leaving Silverstone and moving to Donington Park in 2010. Having staged the race annually since 1987, Silverstone will hold the event for maybe the last time in 2009 and then hand it over to a circuit some 100 kilometers (63 miles) away in central England.
FIA president Max Mosley and Formula One Manufacturers president Bernie Ecclestone announced on Friday that major development work at Donington and the lack of funding for improving Silverstone had forced the sport's world governing body to move the GP and safeguard the future of the race.
"After many years of patient but fruitless negotiation with the British Racing Drivers Club we are delighted that Bernie had nevertheless been able to ensure that the British Grand Prix will keep its place on the Formula One World Championship calendar," Mosley said in a statement. Ecclestone, who has warned Silverstone several times that it might lose the race, had also threatened that the British GP might disappear because of lack of investment in circuits. "Finally the uncertainty is over. A contract has been signed with Donington Park and the future of the British GP is now secure," he said. "We wanted a world class venue for Formula One in Britain, something that the teams and the British F1 fans could be proud of."