Formulꦫa 1 is “developing an array of options” in case Silverstone fails to reach a new deal to remain on the calendar beyond 2019.

Last year the British Grand P▨rix venue triggered a break cla🧔use in its contract and is set to exit the F1 calendar following next year’s race, unless a new deal is negotiated. Silverstone wants to remain on the calendar but is keen for its current hosting fee to be reduced.

Following the confirmation of a 2020 Vietnam Grand Prix earlier this week, F1 commercial chief Sean Bratches warned the British 🦂Grand Prix could move away from𝔉 Silverstone.

F1 boss Chase Carey said a number of alternative options would be pursued to take Silverstone’s place should it drop off the calenda𝓰r.

“On ongoing negotiations and discussions, we’ve said in the past this is a sport that seems to like to negotiꦗate in public,” Carey said.

“And I don’t think that’s the healthiest way to deal with things ♒as🎉 partners. I don’t think we want to provide a lot of ‘inside the tent’ commentary on active discussions.

“We value the Sil🅰verstone race but we’ve got to g🌞et to a place that works for us. And those discussions are ongoing.

“There’s always other options, and it’s one of those thi🔴ngs we make sure is we’re continuing to develo🌟p an array of options.

“𝓰We’re in a fortunate place 𝔍right now that we have more places that want to have races than we can race, and that’s a good place to be.

“We’ll continue to develop those options, and make sure we are able to make the best decisions bo𒆙th for fans and for racing and for us as a business. All those things matter, and we’re actively engaged.”

Miami update

Plans to introduce a Miami Grand 🉐Prix on the 2019 calendar were postponed earlier this year and Carey stressed the situation remains an “o♋ngoing” and “time-consuming process”.

“Miami is an ongoing process. There are a lot of parties involved, which is not uncommon when ܫyou get a street race," Carey explained.

“You've got macro parties💛 and micro parties that are interested. It's a time-consuming 🎉process to navigate through all of those. I guess I'd say it's active.

“I think everybody in Miami thought it was a great experience, there was great energy, great excitement, 80,000 people, and al𒅌most all the comments we got were positive and excited about it,” he added. “It sort of helped to reinforce what we bring.”

Carey suggested F1 has further optionꦰs for another r﷽ace in America.

"Certainly the US remains a priority. We're engaged in discussions elsewhere in the💝 US, so it'✤s not just Miami,” he said.

“But we t𓆏hink Miami could be a great signature event for us worldwide, not just in the US."