Plans to re-develop Silverstone have been rejected after a revolt by members of the British Racing Drivers' Club (BRDC), which owns the track. The BRDC's hierarchy wanted to lease the British Grand Prix circuit to developer St Modwen for 150 years.
But opposition was so fierce that BRDC chairman Stuart Rolt has told members the scheme has no hope of success.
Silverstone's immediate future was secured in December 2004, when a five-year deal was agreed with F1 supremo Bernie Ecclestone. But the Northamptonshire circuit is badly in need of a revamp, after criticism of its ageing facilities. It is the intention of the members, at all costs, to preserve Silverstone as the UK's home of British motor sport
Silverstone MUST do something in order to maintain it's title of Home of the British GP. As much as I love the track and atmosphere I have seen better facilities at a go kart circuit. The BRDC should stop being a bunch of stuffy old Gents and re-invest in Silverstone for the future.