From GMM

A deal to stage a British grand prix at Silverstone next year appears finally to have been reached.

In the wake of the collapse of the planned Donington event, Silverstone chiefs and Bernie Ecclestone have been locked in long-winded talks, with the 9 December deadline of next Wednesday's F1 Commission meeting looming.

But amid new rumours that a deal has finally been reached, or is at least very close, the Northamptonshire venue announced that "the future of Silverstone and the British grand prix" will be discussed in a press conference at London's Grosvenor House Hotel on Monday.

With more talks reportedly scheduled to precede Monday's official announcement, present will be the president of the track-owning British Racing Drivers' Club, Damon Hill, and Silverstone managing director Richard Phillips.