Silverstone’s owners — the British Racing Drivers’ Club (BRDC) — last week announced its intentions to cease hosting the British Grand Prix after 2019, citing that race was not financially viable under the current terms of the deal.

Signed at the end of 2009 for a 17-year period, the contract has a 5% annual escalator on the promoter’s fee and the BRDC has said it has reached a “tipping point.”

It lost nearly £3 million ($3.8 million) in 2015 after hosing that year’s British Grand Prix and close to £5 million (6.1 million) in 2016.

But Sean Bratches, F1 managing director for commercial operations, is confident that the race has a long-term future at the Northamptonshire circuit.

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