It's unlikely that a London-based race would be added as a permanent fixture though, but it's a possibility for one-off events, as owners Liberty Media continue to explore new ways to revamp the sport.
A Formula One race could still be heading to the streets of London, even if a new deal is struck to keep the British Grand Prix at its current home of Silverstone."It will be very difficult to have more than one race in one country," a person with knowledge of the negotiations, who preferred to remain anonymous, told CNBC this week."However, maybe as a one off, maybe this can happen. Even if we renew with Silverstone, it doesn't mean a race in London is dead.
Conversations are underway with Silverstone and talks are going in the right direction, according to the sources, but no announcement is expected anytime soon. Ecclestone even went as far as to say rival racing company Formula E currently looks the better business proposition moving forward.
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