1950 British Grand Prix
The 1950 British Grand Prix, formally known as The Royal Automobile Club Grand Prix d'Europe Incorporating The British Grand Prix, was a Formula One motor race held on 13 May 1950 at the Silverstone Circuit in Silverstone, England. It was the first World Championship Formula One race in the modern era, as well as the fifth British Grand Prix, and the third to be held at Silverstone after motor racing resumed after World War II. It was the first race of seven in the 1950 World Championship of Drivers.
Development history of Silverstone Circuit
On 20 June 2009 Bernie Ecclestone stated that there would be a British Grand Prix at Silverstone in 2010 if Donington was not ready to host it. When asked why he had moved from his previous "Donington or nothing" standpoint he cited changes in the structure of the BRDC meaning there was a better way of negotiating with them over future commercial rights. Furthermore during an interview with the BBC about the Formula One Teams Association threatening to break away and form their own series, FIA president Max Mosley said it was "highly likely" the 2010 British Grand Prix would return to Silverstone. On 24 October 2009, BBC News reported that Donington had failed to raise the £135 million needed to stage a British Grand Prix, that Donington's bid 'looks over' and that Bernie Ecclestone had offered the race to Silverstone, but that the terms appeared to be the same as those that the Circuit rejected the first time around.