The future of the British Grand Prix will be set in motion on Monday, as Formula 1's chiefs meet with Silverstone's owners to discuss the terms and conditions to keep the event on the calendar.
Last year, Silverstone triggered a break clause in its contract with F1 that calls for the formal end of the current deal after the 2019 race.
Formula 1's commercial manager Sean Bratches is hopeful however of striking a new agreement, believing the British Grand Prix is one of several historical races events that must remain in the world championship.
"Silverstone is part of the foundation of this sport," said Bratches.
"We are a commercial business and we are going to do a deal that makes sense for us and hopefully there's an opportunity there.
"We just renewed Spa on terms that work for both parties, and my suspicion is that we can do the same for Silverstone. That's our intent anyway," added the American executive.
Spa will remain the venue of choice for the Belgian Grand Prix until the end of 2021.
Gallery: The beautiful wives and girlfriends of F1 drivers
Keep up to date with all the F1 news via Facebook and Twitter
Sergio Perez may be one of Cadillac's biggest assets behind the wheel, but the Mexican…
Fernando Alonso’s future in Formula 1 is still up in the air, but Jenson Button…
Formula 1's uncertain Middle East finale could have consequences that extend well beyond the race…
Luca Cordero di Montezemolo, perhaps the most emblematic figure in Ferrari's history aside from the…
Sunday at the Milwaukee Mile wasn’t just a race day – it was a full-blown…
Liam Lawson's surprise return to Red Bull may have looked remarkably comfortable from the outside,…