Silverstone will put a new and permanent management team in place to run the circuit's business after confirming it has officially parted company with managing director Patrick Allen.It emerged last month Allen had been placed on a leave of absence as discussions continued with interested parties looking to buy the...

Silverstone Circuits managing director Patrick Allen has been placed on a leave of absence amid multiple negotiations to sell the home of the British Grand Prix.The British Racing Drivers' Club, which owns the track and Silverstone Circuit Ltd that operates the circuit business, has been in negotiations to sell a...

Silverstone plans to increase its seating capacity by a further 25,000 over the next three years to keep pace with rising Formula 1 costs.Circuit managing director Patrick Allen is confident for the second year in succession the British Grand Prix "will have made money" after recording a profit for the...

The British Racing Drivers' Club is no longer under pressure to sell British Grand Prix Formula 1 venue Silverstone, says its president Derek Warwick.In August 2013 it emerged the BRDC was prepared to sell the Northamptonshire circuit. A number of expressions of interest followed, the latest from Jaguar Land Rover...

Silverstone is poised to announce a profit on the British Grand Prix for the first time in a number of years. The Northamptonshire circuit's end-of-year figures are in the process of being finalized, but managing director Patrick Allen has confirmed the Formula 1 event made a profit in 2015.It follows...

Britain's Financial Times reports that Jaguar Land Rover, the British auto manufacturer that is a subsidiary of Tata Motors, has prepared a bid to purchase Silverstone Circuit, longtime home of the Formula 1 British Grand Prix. According to the FT, JLR's plans would include utilizing Silverstone as its headquarters, with...

Silverstone managing director Patrick Allen has confirmed the circuit's contract to host Formula 1's British Grand Prix through to 2026 will be honored.It recently emerged the UK track could activate a break clause in its 17-year deal that would allow it to pull out of hosting the race after next...

Silverstone is hoping to continue pushing down ticket prices for the British Grand Prix as it bids to make hosting Formula 1 sustainable.The German Grand Prix dropped off the calendar last week after Hockenheim gave up hope of hosting the race. Silverstone is privately owned and receives no government funding,...

Silverstone will host the British MotoGP round in 2015 and 2016, it has been confirmed. Having lost the rights to the event last year, the Formula 1 venue confirmed on Wednesday that an agreement with new rights holder the Circuit of Wales and MotoGP promoter Dorna had been reached to...