D-day for British Grand Prix

The future of the British Grand Prix will be decided today amid reports Silverstone will regain the race from 2010 after Donington Park lost the rights.

Former Formula One world champion and British Racing Drivers' Club chairman Damon Hill recently confirmed that the situation was drawing to a head, with only the finer details of a new, highly-detailed contract to be finalised.

However, talks with F1 supremo Bernie Ecclestone are still ongoing and it is understood the final round is scheduled for this morning, with Silverstone officials optimistic of finally putting pen to paper.

Following those discussions, Hill and Silverstone managing director Richard Phillips are to hold a press conference at the Grosvenor House Hotel in London, at which they will be announcing the finalised plans, one way or the other.

Ecclestone had imposed a December 9 deadline for a deal to be put in place.

Donington was awarded a contract to host the oldest race on the Formula One calendar from 2010 but lost out after failing to secure the £135million deemed necessary to fund redevelopment plans.