Bernie Ecclestone admitted to be concerned by Silverstone's financial plight in light of its potential need to withdraw from its British GP contract with FOM.
The 86-year-old is confident however that the showcase event will remain at Silverstone, although he did evoke the eventuality of the venue dropping off from the calendar for one year if it turns out to be the only viable option.
"We don't want to lose [it] and we are not going to lose Formula 1 in Great Britain,"Ecclestone said in an interview with ITV News
"We won't let them [the fans] down. Maybe there will have to be a year without it, but normally we are going to be alright."
Ecclestone explained that a thorough assessment of the event's problems shall take place in order to find a way out of the venue's financial quandaries.
"We will have to see exactly what is happening and what the problems are. They say they are losing money, but people don't understand why.
"The place is full and other countries don't have such big crowds as we have and don't have the same problems.
"It's also a bit of a pity that our government doesn't help a little bit because the British Grand Prix is good for England, good for business, good for everybody.
The F1 supremo insisted that FOM's desire to have the race remain in Northamptonshire was not to serve its own self-interest.
"It is not a case of being good for FOM either because we could go anywhere. It doesn't make any difference.
"We don't need to fill the bank, which it doesn't do as it happens, because it is the cheapest race we have got."
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