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

Last year the British Grand Prix venue triggered a break clause 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 from Silverstone.

ܫF1 boss Chase Carey said a number of alternative options would be pursued to take Silve♏rstone’s place should it drop off the calendar.

“On ongoing negotiations and discussions, weꦆ’ve said in the past this is a sport that seems to like to negotiate 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’ c꧂ommentary on active discussions.

“We value the S♊ilverstone race butไ we’ve got to get to a place that works for us. And those discussions are ongoing.

“There’s always other options, and it’s one of those things we make sure is we’re continuing to de📖velop an array of options.

“We’re in a fortunate place right 🐲now that we have more places that want to have races tha🌜n we can race, and that’s a good place to be.

“We’ll continue to develop those options, and ma💮ke sure we are able to make the best decisions both 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 cal𝓀endar were postponed earlier this year and Carey stressed the situation remains an “ongoing” and “time-consuming process”.

“Miami is an ongoing pꦍrocess. There are a lot of parties involved, which is not uncommon when you get a street ra🍸ce," Carey explained.

“You've got m💮acro parties and micro parties that are interested. It's a time-consuming process to navigate through all of thos🐽e. 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 almost all the comments we 🌳got were positive and excited about it,” he added. “It sort of helped to reinforce what we bring.”

Carey sug🐬gested F1 has further opt♊ions for another race in America.

"Certainly the US remains a ꧑priority. We're engaged in♒ discussions elsewhere in the US, so it's not just Miami,” he said.

“But we t💖hink Miami could be a great signature event for us worldwiᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚde, not just in the US."