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Daniil Kvyat closing in on Toro Rosso extension

I'm not sure what Kvyat is more proof of, that a decent driver can become mediocre if he's not mentally strong enough to handle a major setback, or that a mediocre driver can easily challenge for podiums if he's in a good car.

The week leading up to the British Grand Prix should be a week of great celebration for F1 and Silverstone.

We deeply regret that Silverstone has chosen instead to use this week to posture and position themselves and invoke a break clause that will take effect in three years' time.

We offered to extend the current deadlines in order to focus on everything that is great about Silverstone and Formula 1.

Regretfully the Silverstone management has chosen to look for a short-term advantage to benefit their position.

Our focus is still to preserve the British Grand Prix, We will carry on negotiating with the promoter in good faith and in private to reach a fair and equitable solution.

the contract runs at a loss

Aus GP is losing $30-$40m a year and is projected to lose around $60m a year in 2-3 years time. They dropped the ticket prices by about 15% during this period too

This is Bernie's legacy. Charging exorbitant amounts of money to race organisers for the privilege of holding an F1 race. Bernie always had the threat that other countries willing to spend more for the right, that traditional races were disposable. Spa was on the verge of being kicked off the calendar for what seemed 20 years (and was at one point).

Now that threat is fading, Korea gone, India gone, Turkey gone, Malaysia going, Germany gone race organisers are fighting to lower their rates. Germany did, now they're back.

F1 could lose a lot of money for the sake of keeping traditional races. I'm guessing they want 23-24 races on the calendar to recoup these losses.

Aus GP is losing $30-$40m a year and is projected to lose around $60m a year in 2-3 years time