Formula 1 will continue to take place in Britain for the next 17 years after a deal was struck between Silverstone’s owners and the sport’s chief Bernie Ecclestone…

Silverstone’s comeback took place despite rival track Donington Park being awarded the contract to host the British Grand Prix from 2010. However, that circuit lost out after failing to secure the $200 million needed to fund redevelopment plans. That had led to fears Ecclestone would look to move the race abroad…

“But 17 years gives us the ability to invest and move forward. We’ve always had the belief the British Grand Prix was an important cornerstone of Formula One but, with Bernie, you’re never quite sure.

No kidding!

Phillips described the deal as “peace in our time” between the circuit’s owners, the British Racing Drivers Club (BRDC), and Ecclestone.

Pretty similar to negotiating with the last clown who promised the same.