The future of the British Grand Prix at Silverstone has been secured for another decade following the announcement of a new long-term deal.

Silverstone’s five-year contract with F1’s American owners Liberty Media was up for renewal this summer.

And while – unlike in previous years – the race at the Northamptonshire track owned by the British Drivers’ Racing Club was not in major doubt, Thursday’s announcement safeguards one of the jewels of the country’s sporting summer until at least 2034.

The deal is understood to be worth around £300million, or £30m per year.

A record-breaking crowd in excess of 150,000 attended last year’s Grand Prix with nearly half a million spectators passing through the gates over the course of the weekend.

F1 president and CEO Stefano Domenicali said: “I am delighted to announce that the British Grand Prix will remain on the calendar for 10 more years with this agreement.

“Silverstone is an iconic venue at the heart of F1 history and as it approaches its ninth decade hosting Grands Prix, the event continues to attract fans from around the world for fantastic racing on track and the amazing fan experience off it.”

Silverstone chief executive Stuart Pringle added: “This long-term commitment reflects the importance of the British Grand Prix to Formula 1 and their acknowledgement of our ability to deliver a world-class experience.

“The cheers of support for the home teams, and particularly for the British drivers on the grid, makes the Silverstone atmosphere unique.”

The British Grand Prix has been an ever-present on the F1 calendar, dating back more than 70 years, with Silverstone staging the sport’s first world championship race.

Liberty has flirted with the idea of staging a street race in London, but a number of roadblocks have thwarted any serious progress.

Liberty has also been criticised for taking the sport away from its traditional European heartland. But the American conglomerate’s commitment to Silverstone comes just weeks after a new race in Madrid was confirmed from 2026.

The new F1 season starts in Bahrain on March 2, with Silverstone hosting the British GP on July 7.

Charles Leclerc finished fastest in a rain-hit final practice session for the British Grand Prix.

The Ferrari driver set the pace in the dry running before heavy rain arrived at Silverstone.

Williams’ Alex Albon took second place, one spot ahead of Aston Martin driver Fernando Alonso, with Pierre Gasly fourth for Alpine and Lewis Hamilton fifth.

World champion Max Verstappen, quickest in both sessions at the Northamptonshire venue on Friday, was eighth.

Although the concluding one-hour running before qualifying started in the dry, it was not long before the forecast rain arrived.

In the initial slick conditions, Leclerc was the fastest out of the traps, seeing off Albon by a tenth.

Hamilton finished only 15th on Friday and said there was something wrong with his Mercedes.

But the seven-time world champion moved closer to the front on Saturday morning, finishing half-a-second off the pace.

Heavy showers could continue throughout the day with qualifying due to get under way at 3pm.

Zhou Guanyu has provided a positive update after his huge crash at the British Grand Prix, saying that the vehicle's halo saved his life.

A red flag was waved during the opening lap of Sunday's race at Silverstone, after Mercedes' George Russell was clipped by Pierre Gasly.

Zhou was subsequently caught by Russell, with his Alfa Romeo flipped over and sent hurtling onto the run-off area, and remained upside down until it collided heavily with the barrier.

The car flipped as it hit the barrier and was ultimately wedged below the fence in front of the grandstand.

Zhou received immediate medical attention, but Alfa Romeo confirmed the Chinese driver - debuting this season in Formula One - was conscious.

As Carlos Sainz went on to win his first race for Ferrari, Zhou gave an update on his official Twitter account, thanking fans for their well wishes and crediting the halo, a titanium ring secured above the cockpit, with saving him.

The 23-year-old tweeted: "I'm ok, all clear. Halo saved me today. Thanks everyone for your kind messages!"

It was the second time at Silverstone on Sunday that the halo came to the rescue of a driver, with Formula Two driver Roy Nissany benefiting from the safety device on his car when Dennis Hauger's vehicle landed on top of his Williams.

George Russell has explained Mercedes' protest after they were unable to restart the British Grand Prix following a red flag after a "unique scenario" on the opening lap.

The British driver collided with Alfa Romeo's Zhou Guanyu in a huge collision heading into the first corner, which left Zhou's car skidding off upside down into the barrier.

Zhou was retrieved from the vehicle and eventually stretchered away. It was later confirmed that the Chinese driver was conscious, with the incident leading to a delay of almost an hour as the barrier was repaired after the crash.

Zhou, Williams' Alex Albon and Russell were all unable to take to the grid however, though Mercedes tried to protest with the FIA by arguing that Russell had only exited his car in order to check on Zhou.

"I jumped out of the car to see if he was okay, I saw it was red flagged. When I came back to the car, I couldn't get it started, so I ran down to the team to check, I told the marshals to leave it but when I got back the car was on the back of the flatbed," he explained to Sky Sports F1.

"Apparently when you get assistance, you can't restart. The car just had the puncture and there was no doubt that we had the pace to come back to P6 today. 

"We were trying but the FIA were pretty adamant, it's one of those unique scenarios I guess. I can't really think about it too much at the moment."

Russell's collision with Zhou came after a bold decision from Mercedes to start on the hard-compound tyre, which he conceded was ultimately not the right call.

"Ultimately, we took a risk starting on the hard because I made a mistake in qualifying, we started out of position and we thought the risk gave us the best opportunity later in the race but there was no grip on the hardest compound, it's cold out there, I got swamped by all the cars," he said.

George Russell wants to better Lewis Hamilton this season, but the Mercedes man claimed he will not view his Formula One campaign as a success if he does so.

The Mercedes pair have failed to match the pace of rivals Red Bull and Ferrari this year, effectively confirming an end to the team's monopoly on the Constructors' Championship.

Seven-time world champion Hamilton in particular has struggled after his controversial last-gasp title loss to Max Verstappen last year, who is on course to defend his title.

That has led to questions over whether Russell is emerging as Mercedes' nominal first-choice driver, with the 24-year-old having nabbed three podiums to Hamilton's two so far in 2022.

But Russell will not view beating his team-mate as the bar for success.

"Obviously, I want to beat my teammate and I’m not going to take offence if he says the same," he told The Guardian ahead of Sunday's British Grand Prix at Silverstone.

"But I would not see my season as a success purely because I've finished ahead of him more times than he had finished ahead of me.

"I would see it as a success if I was standing at the top step of the podium."

Russell grew up idolising Hamilton, who has been one of the sport's dominant forces since he broke through in 2007, and the Briton has nothing but respect for his team-mate.

However, the nature of their competition makes it difficult to form a friendship that would not get in the way, much in the sense Hamilton's bond with former Mercedes rival Nico Rosberg deteriorated amid a testy title tussle.

"I guess if you took an average look across F1 team-mates, that is probably the case," Russell added.

"There are a lot of people who get along in this paddock but overall, we are all fierce rivals. We are all here to be competitive and to try and win. You are in a battle."

Hamilton will start fifth on the grid at Silverstone, while Russell had to settle for eighth in qualifying.

Lewis Hamilton was angered to see sections of the Silverstone crowd booing Max Verstappen during qualifying for the British Grand Prix.

Reigning Formula One world champion Verstappen was greeted by a chorus of jeers before conducting a post-qualifying interview on Saturday, having had to settle for second on the grid after being pipped by Ferrari's Carlos Sainz, who claimed the first pole position of his career.

Verstappen, who recorded a time less than a hundredth of a second slower than Sainz in treacherous conditions, spent the 2021 season locked in a dramatic and at times ill-tempted title tussle with Hamilton.

The duo were involved in a collision on the same course last year, before Verstappen clinched his first title at Hamilton's expense in contentious circumstances in December.

Verstappen also courted controversy earlier this week when he suggested Nelson Piquet's alleged use of a racist slur to describe Hamilton had been "blown out of proportion."  

Speaking after qualifying in fifth, Hamilton suggested last year's battle with Verstappen may have antagonised the Silverstone crowd as he refused to condone the reception afforded to the Red Bull driver.

"I think we are better than that and I definitely don't agree with the booing," Hamilton said.

"We should be here pushing everybody and it doesn't make any difference.

"But I do really appreciate the support I have. Maybe some of them are feeling the pain from last year. Either way, I appreciate it."

Mercedes team principal Toto Wolff echoed Hamilton's sentiments, asserting: "That is unsportsmanlike. If you’re not into the other guy, just remain silent. 

"I don't think any of the drivers deserves booing, whatever happened last year. Being booed is abusive and there is a certain limit which we shouldn’t overstep."

Meanwhile, Verstappen, who is targeting a third successive race victory on Sunday, insisted the hostile atmosphere did not faze him.

"It was a bit disappointing because I couldn't really understand [interviewer] Billy [Monger]," he joked.

"If they want to boo, they [can] do it. I'm always happy to be here, it's a great track and a great atmosphere in general.

"Maybe some of them don't like me, they're all entitled to their own opinions. I don't care."

Mercedes are "cautiously optimistic" of competing at Silverstone with a car that, according to their chief technical officer, is "definitely on the mend".

It has been a difficult Formula One season for Mercedes, who sit third in the constructors' standings, 116 points off pace-setters Red Bull.

While new boy George Russell has performed well and sits fourth in the Drivers' Championship with 111 points – 64 behind leader Max Verstappen – seven-time world champion Lewis Hamilton is down in sixth.

Hamilton has struggled to adapt to Mercedes' new car and often been unable to hide his frustration with the vehicle's performance, though he did manage a third-place finish in Montreal last time out.

Third is the best Mercedes have achieved in any race in 2022, with Russell achieving it in Spain, Azerbaijan and Australia, and Hamilton clinching the final podium place in Bahrain as well as Canada.

Ahead of the British Grand Prix, Mercedes' CTO James Allison believes the team are finding a way to be competitive following two successive podium finishes.

He told Sky Sports: "Everyone in our factory doesn't dare say it, but we're cautiously optimistic of having a more competitive weekend than some of those we've had of late.

"I think some of the characteristics of this circuit will suit the car. We don't have a car capable of winning from the front yet. But I think as long as we can get the car tamed through Maggots Becketts and around the faster of the corners, then I think we have a decent chance of a competitive showing, and maybe if the Red Bulls stumble, who knows, but I'm hopeful of a better weekend."

When it was put to him that victory at Silverstone would be an emotional one, Allison quipped: "Absolutely, well I'd cry!

"It'd be a fantastic thing. I've just got my fingers crossed that we'll have a creditable showing with a car that is definitely on the mend."

Lewis Hamilton thinks Mercedes will need to play "the long game" if they are to have any chance of beating Max Verstappen and Red Bull at the British Grand Prix.

The first-ever Formula One sprint race took place on Saturday, with Verstappen passing Hamilton – who had qualified fastest in a new Friday session - on the first lap and going on to win.

That means Verstappen is awarded pole position and three championship points with Hamilton and third-placed Valtteri Bottas having to settle for two and one respectively.

Hamilton is grateful to have the chance to bounce back in the main race on Sunday but is under no illusions over the size of the task facing him on home soil as Verstappen seeks a fourth consecutive F1 victory.

"Sunday is going to be tough," Hamilton, who is seeking a record eighth win at Silverstone, told reporters after the 17-lap sprint.

"He [Verstappen] had a lot of pace in him and I don't think he was particularly having to push too hard, and we were flat-out. 

"If I can try somehow to keep up with them through the stints, maybe we can apply pressure through strategy – but we're not going to be overtaking them on the track: they're just too fast. 

"So, we play the long game hopefully."

In the sprint race it was a slow start that cost Hamilton, who now trails Verstappen by 33 points.

The seven-time world champion added: "I gave it everything, it's just not good when you lose from P1. We'll try to turn the negative into a positive.

"Every point counts, but I'm grateful to have finished. We will fight again, but they're just so strong, in the race he was pulling away. There was nothing I could do to hold onto him.

"We really have to try and be in front somehow. I wish we could re-do the start again, but luckily we have it again on Sunday."

Verstappen believes Mercedes are competitive rivals for the race and the Dutchman will be outnumbered given Sergio Perez, who spun off and later retired in the sprint, will start at the back of the grid.

"What we learned on Saturday is that it's very close again," said the championship leader.

"It's a bit different. It seems like we are quick through corners, they are quick on the straight this weekend.

"The pace was alright but I still expect with a pit-stop coming into play – or two pit stops, who knows – it’s again going to be a good fight." 

Hamilton was positive about the trial changes made to the format this weekend, but thinks everything, including qualifying, should be packed in to Saturday and Sunday if a sprint becomes a permanent feature.

Speaking to Sky Sports, he added: "We should do more like that [the sprint], maybe a different version of it, in future because this makes the weekend more enjoyable I think.

"They did a great job and I think the fans enjoyed it, from what we saw on the parade laps. 

"I think this weekend's been awesome in terms of Friday, it was such a fun day to have qualifying - way more enjoyable [than practice would have been].

"It's always nice doing more races that’s for sure, but it is almost like they should almost do the sprint race on the Sunday and then the race because there could be a lot of sitting around for people on Sunday.

"It's been great to try something new - we should just do a long Saturday and long Sunday. P1, P2, qualifying on Saturday and then a sprint race and a race on Sunday. Pack it all in!

"That means we have one whole day less, 23 days actually less of driving these cars around the track and obviously that would be better in terms of going more green."

George Russell finished the sprint in ninth but has been handed a three-place grid penalty for an incident with Carlos Sainz.

He therefore drops to 12th, with Esteban Ocon, Sainz and Pierre Gasly the beneficiaries.

Max Verstappen inflicted more damage to Lewis Hamilton's Formula One title hopes as the Red Bull driver held on to win the inaugural sprint race at Silverstone.

Verstappen started in second in the trial event ahead of the British Grand Prix, but a flying first lap saw him overtake championship rival Hamilton by the first corner.

It was a lead which proved unassailable, the Dutchman cruising to a victory which sees him take pole position in Sunday's main race, as well as three championship points.

Hamilton and team-mate Valtteri Bottas ensured it was not all bad for Mercedes as they claimed second and third on the grid, while Fernando Alonso was unable to sustain a brilliant start.

Verstappen flew out of the blocks, with Hamilton unable to compensate when he attempted to skirt around the outside at the first corner, only to pull out of the manoeuvre.

Bottas was hot on the tracks of the duo, while Alonso charged up from 11th to fifth with a first lap just as impressive as Verstappen's effort.

The veteran Spaniard was unable to maintain it, though, dropping down to seventh as his soft tyres started to struggle.

Further ahead, Hamilton – who set a blistering time in Friday's qualifying session – was demanding more from his team over the radio, yet he could not close the gap on Verstappen, who held a 2.3 second lead heading into the 17th and final lap.

Hamilton managed to close in on the final straight, but Verstappen was the deserving victor in the first taster of F1's latest format tweak.

There was less luck for Verstappen's team-mate Sergio Perez, however, with the Mexican crashing on Lap 7, dropping down to 18th before Red Bull called him back to retire in the pits, meaning they have drivers bookending both ends of the grid.

Charles Leclerc came fourth, with Lando Norris capping a difficult week for him personally with an impressive drive to place himself fifth.

George Russell dropped to ninth, though faces an investigation for an early incident involving Carlos Sainz.

Lewis Hamilton paid tribute to the Silverstone crowd after beating Max Verstappen in qualifying for the British Grand Prix and securing top place on the grid for Saturday’s inaugural F1 Sprint.

Trailing Verstappen by 32 points in the Drivers’ Championship, Hamilton has the momentum at Silverstone after pipping the Dutchman to victory in Friday's qualifying session by a tenth of a second.

Mercedes have won seven of the last eight races on this track with six of those triumphs going to Hamilton, who claimed his first pole here back in 2007.

After finishing fourth in Austria, the seven-time World champion is aiming to avoid consecutive finishes outside the podium for the first time since 2017.

And inspired by the raucous home crowd, he made the ideal start in ensuring he will head the grid in the F1 Sprint.

Silverstone is "absolutely" open to hosting one of the proposed new Formula One sprint races in 2021.

Plans have been drawn up to introduce shorter races on Saturdays at three circuits, which would precede the traditional grand prix a day later.

F1 president Stefano Domenicali told the Daily Mail that Silverstone was one of the proposed venues for the inaugural races, with teams said to be broadly in support of the new format.

The grands prix in Montreal, Monza and Interlagos are also reportedly under consideration to host sprint races.

Asked by Sky Sports if Silverstone welcomed the proposals, the circuit's managing director Stuart Pringle said: "Absolutely.

"If F1 should decide that Silverstone is the right venue for a sprint race then we would be totally supportive of that and feel it would be a fantastic spectacle for the fans."

The idea was first mooted in a meeting of the Formula One commission in February, after which F1 and governing body FIA issued a statement that said: "All teams recognised the major importance of engaging fans in new and innovative ways to ensure an even more exciting weekend format.

"There was, therefore, broad support from all parties for a new qualifying format at some races, and a working group has been tasked with creating a complete plan."

The proposal is for the sprint races, lasting roughly 30 minutes, to take place on the Saturday of a grand prix weekend. Qualifying would be moved to the Friday in place of the second practice session, with results determining the starting grid for the sprint event.

These shorter races would offer points for drivers and constructors, with the precise numbers yet to be determined, and decide the starting order for the main event on Sunday.

There would be no podium celebration after the sprint race, according to Domenicali, who is keen to preserve "the prestige of the grand prix itself".

Williams team principal Simon Roberts said this week, as per Race Fans: "We're all running carry-over cars [from 2020]. So fundamentally, we're not expecting massive shifts in the pecking order. So, let's try something.

"But there's a lot of detail being discussed in the background. The idea's cool, the concept's easy, but then in the detail, how do you actually [run] the weekend – how do you do tyres, what can you do, what can't you do – that's still in negotiation."