Formula One's new CEO Chase Carey has highlighted the importance of protecting key races in Europe, including the British Grand Prix.
The loss of the German Grand Prix from this year's calendar and fresh doubts over Silverstone's future beyond 2019 have highlighted the struggle many of F1's race promoters face in making their grands prix profitable. Existing contracts include year-on-year percentage increases in race hosting fees, while relatively new venues such as Bahrain, Abu Dhabi and Azerbaijan have been willing to accept huge race-hosting costs that European venues struggle to compete with.
Those deals were struck by F1's former CEO Bernie Ecclestone but his replacement has conceded that he is willing to work with venues to stop historic races falling off the calendar.
"We will have a British Grand Prix," Carey told BBC Sport. "The foundation of the sport is western Europe. We want to grow it. There's a negotiating dynamic that exists. But we want a healthy relationship with our promoters. We are going to look at ways of making events bigger and better."
Carey believes part of the attraction for new venues is being listed on the same calendar as F1's most evocative locations.
"A lot of the new circuits are very exciting and they bring their own element to F1," he said. "They are in it because they want to be part of that show that includes Monaco, Silverstone, Monza, Hockenheimring and the Nurburgring.
"You have still got to maintain those traditions to have the values in F1."
