Silverstone will stage the next two British MotoGP events, after Donington Park withdrew from its partnership with the Circuit of Wales.
Silverstone lost out last September when Dorna, MotoGP's commercial rights-holder, agreed a new long-term deal with the unbuilt Circuit of Wales from 2015 onwards.
At the time Silverstone, which has held the race in recent years, said it had made the 'maximum sensible offer' to retain the event – but instead Circuit of Wales officials announced an agreement with Donington Park as a temporary host for 2015.
However, on Tuesday Donington Park has now pulled out of the deal – according to media reports - stating that the Circuit of Wales company, and its new subsidiary GP15 Limited, “have as yet been unable to complete their agreement...nor meet long-term planned payment deadlines.”
Therefore organising the event, scheduled for the last weekend in August, was deemed impossible by the venue.
As a result, Circuit of Wales investors have now confirmed a deal with Silverstone, the only other UK circuit capable of hosting MotoGP, for the 2015 and 2016 races.
Patrick Allen, the new managing director of Silverstone, commented: “A lot of work has been done over recent years to ensure MotoGP fans enjoy what Silverstone has to offer and it was devastating for the venue to lose the event last autumn. I welcomed the opportunity to meet with both Dorna and the Circuit of Wales recently so that we could try and find a way to keep MotoGP in the UK and racing at Silverstone.
"Two wheel racing is as much a part of Silverstone’s heritage as four wheel racing and I am obviously delighted to be in a position to announce we are hosting both the Formula One and MotoGP Grands Prix in 2015.”
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