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2017-07-07 11:48

SILVERSTONE’S SHINE FADES: Ducati Corner at Silverstone seen during the 2014 British MotoGP race. Alas, the circuit has been given the cold shoulder for further racing by Dorna, the event’s promoter and governing body. Image: Newspress

Austria - Silverstone bosses are expected to axe their British Grand Prix contract within days.

The Sun newspaper reports that the call to cancel the historic race after 2019 could come as soon as Tuesday (July 11).

"It is then expected that the (circuit-owning) BRDC will approach Liberty about agreeing new terms that are more favourable," the report said.

READ: As it happened: 2017 Austrian GP - 1st practice

The news comes as new F1 CEO Chase Carey said ahead of the Austrian Grand Prix that European races are the backbone of the F1 series.

"As we have said since the beginning, we value the importance of the tradition of this sport very much," Carey told Kleine Zeitung newspaper.

"Europe is definitely the cradle of Formula 1, so events that are successful and part of this fascinating history have the best chances to stay."

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