Bernie Ecclestone announced today that Donington Park had clinched a 10-year deal to host the race, bringing an end to Silverstone's long history with the event.

Silverstone's owners said it was still analysing the implications of the news, which casts doubt over the planned redevelopment of the circuit.

"Silverstone Circuits Limited and the British Racing Drivers' Club would like to express our disappointment at the announcement released by the FIA concerning the future of the British Grand Prix," said the statement.

"It is particularly disappointing to receive this information during the course of the British Grand Prix weekend, while we are celebrating 60 years of Silverstone and 80 years of the BRDC.

"The BRDC and Silverstone Circuits Limited are considering our position following in-depth and on-going contract negotiations with FOM. We shall release a statement once the full facts of this announcement have been established with both FOM and the FIA.

"The incredible staff here at Silverstone will continue to make this year's sell-out event a resounding success for the fans."