For the British Racing Drivers’ Club, the high moment of yesterday came a couple of hours after their president Damon Hill announced that the British Grand Prix had been saved at Silverstone, nominally for a period of 17 years.

Buoyed by the news, the BRDC brethren then gathered for their annual awards lunch at which a surprise guest, prime minister Gordon Brown, arrived to present the prestigious Richard Seaman Trophy to world champion Jenson Button. “This puts Britain at the centre of world racing for 17 years to come,” said the Prime Minister.

Nevertheless, precise details of the contract remain sketchy. As is the way with race promoters’ contracts signed with Bernie Ecclestone, the billionaire Formula One commercial rights holder, the intricacies of vulgar matters such as money are strictly proscribed no-go areas, leaving the motor racing fraternity clutching at straws as they struggle to paint an accurate picture.