Former BRDC chairman Derek Warwick admits a deal to secure the future of the British Grand Prix is "absolutely not" guaranteed.
Last year Silverstone, which held the first Formula 1 championship race in 1950, activated a break clause in their contract with F1 management to cease holding the race after 2019.
The hope is, based on the aspirations of new owners Liberty Media, a better deal can be arranged without the year-on-year rise in the fee which was ultimately the reason for the British circuit's decision.
"The Grand Prix is too expensive, we’re losing money and that’s why we triggered the break clause,” Warwick told the Jersey Evening Post.
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Talks are set between the BRDC and F1 bosses to try and keep the race on the calendar, all the while rumours of a street race in London as an alternative continue to run.
Warwick warned, however: “Britain is the home of motorsport. Does that mean there will always be a British Formula One Grand Prix? Absolutely not.
“Of course we want a British Grand Prix and for it to stay at Silverstone, but we want it to be affordable so that we can make just enough money to reinvest in the circuit.
“We can’t do that under the present deal.”
