The oldest race on the Formula One calendar has been saved thanks to a last-minute deal that will see Silverstone host the 2010 British Grand Prix. The Press Association said that a deal was announced on Monday between Silverstone owners the British Racing Drivers’ Club and F1 boss Bernie Ecclestone that will see the race stay at its traditional home for the next 17 seasons.

British Formula One driver and former world champion Lewis Hamilton hailed the deal as a saving grace for British racing fans.

“Firstly, it’s fantastic news the British Grand Prix will stay on the calendar for 2010,” Hamilton said. “Secondly, it’s great the race will be at Silverstone.”

He added: “The place has an atmosphere money can’t buy and I have some fantastic memories of the track, winning both races in GP2 in 2006, getting an incredibly emotional and satisfying pole in 07 and winning in the wet in my championship year.

“Most importantly, those achievements have all been underlined by the reaction and support of the Silverstone crowd, which has always been fantastic.

“British fans are the greatest Formula One supporters in the world and this must be the best Christmas present they could ever ask for.”

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