`` This announcement is tremendous news . Bernie Ecclestone will continue in England after deal between Silverstone and sport 's chief Bernie Ecclestone . Announcement by the track 's owners means the oldest race on the F1 calendar keeps its place . Silverstone was to host British Grand Prix from the next 17 years but failed to secure $ 200 million for redevelopment .
Bernie Ecclestone will continue in England after deal between Silverstone and sport 's chief Bernie Ecclestone . Announcement by the track 's owners means the oldest race on the F1 calendar keeps its place . Silverstone was to host British Grand Prix from the next 17 years but failed to secure $ 200 million for redevelopment .