Silverstone Circuits Limited has confirmed that it will not be staging the British round of the FIM MotoGP™ World Championship in 2015, after failing to agree terms with The Circuit of Wales (the promoter of the event from 2015).
Richard Phillips, Managing Director of Silverstone Circuits Limited, said: “We have invested heavily in the circuit and facilities here at Silverstone, specifically to host MotoGP, and have developed the British Grand Prix into a highly successful event. We wanted to keep MotoGP™ at Silverstone, but cannot afford to subsidise it. We are extremely disappointed not to be hosting the event in 2015.
“Any future deal, with Dorna or The Circuit of Wales, had to make economic sense for all parties, including us. We know from experience what it takes to run a high quality British Grand Prix. We made what we considered to be the maximum sensible offer to retain the event at Silverstone, but it seems that The Circuit of Wales, who have no experience of running a Grand Prix, have concluded they can do better running it themselves, using Donington until their circuit is ready.
“Silverstone has taken the event to a whole new level over the last five years, so we hope this won’t turn out to be a backwards step for the British Grand Prix, teams and fans. The Circuit of Wales evidently believe they can make the finances work using Donington next year – we wish them the best of luck.”