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F1 still looking to add London race alongside Silverstone

SILVERSTONE, U.K. -- Formula One will continue to explore the possibility of a London Grand Prix despite signing a new deal with Silverstone to host the British Grand Prix for the next five years.

After two years of intense negotiation, Silverstone signed a new deal with Formula One on Tuesday that will see it stay on the calendar until 2024. Just one month ago, Silverstone managing director Stuart Pringle raised concerns about the threat a London Grand Prix might have on ticket sales for the British Grand Prix, but as part of the new agreement F1 is free to continue negotiations with London.