The fate of the British Grand Prix will be announced on Monday, with Silverstone management and track owner the British Racing Drivers' Club scheduling a press conference about the future of the event.
Silverstone has been locked in discussions with Formula 1 supremo Bernie Ecclestone about putting together a deal that will secure the long-term future of Formula 1's British round – following the collapse of Donington Park's plans.
Although there had been some sticking points, especially relating to the long-term fee structure, it appeared that progress had been made in recent weeks. Now, BRDC president Damon Hill and Silverstone managing director Richard Phillips will speak in London on Monday to discuss the outcome of the negotiations.
Silverstone has made it clear that it will not comment about the situation until the press event.