The future of the British Grand Prix at Silverstone took a positive turn this week when new Formula 1 CEO Chase Carey said European events are the "foundation" of the sport and he looked forward to working with organisers of the British GP.
The event has come under increasing pressure as it was revealed this month that organisers, the British Racing Drivers' Association (BRDC), are struggling to make a profit from the race and were considering its future after 2019.
But BRDC chief Derek Warwick believes F1's new management team understand the importance of the race and he is confident the future is bright.
"Monday definitely changed the face of 2017," Warwick told Sky Sports News. "We know where we're going now with Liberty, we know where we're going with Silverstone.
"We are very positive we can now work this grand prix and make a profit in 2017. We're looking forward to 2017."
Warwick is hopeful that a new, more affordable, deal can be reached, whilst certain restrictions will be eased, providing more opportunites for venues to make a profit and secure their future.
"What he [Carey] is saying to us is he might relax certain restrictions that Bernie has had on us over the last few years in terms of merchandising, marketing, sponsorship etcetera," he added.
"We know for a fact there are some circuits out there that have more flexibility with their contract with Bernie [Ecclestone] than what we've got. So maybe they will join forces and make sure we can all use that expertise that other circuits have in order to make Silverstone more profitable."
