If the board of directors of the British Racing Drivers’ Club (BRDC) sometimes feel like biting the carpet out of sheer frustration over the potential future of the British Grand Prix, then all I can say is that I have the utmost sympathy for them.

I spent two years on the BRDC board from 2004 to 200606 and I can honestly say it was one of the most stressful periods of my life.

When Martin Brundle, a former chairman, heard that I was proposing to stand he thought for a moment, then said “I have three words to say to you – don’t do it.” I wish I’d taken his advice, but it doesn’t stop me from feeling hugely sympathetic for the current incumbents.

So precisely where are we now in the ongoing saga which is the British GP?

Donington Park was originally given until the end of September to raise the £80m required to finish the circuit and finance the first race, but they have reportedly been allowed a few days’ extension to complete their financing arrangements. Now it seems they have been given another ‘few days’ extension.

It is understood that a merchant bank is currently involved in attempting to raise a bond for £120m from various wealthy investors, but Bernie Ecclestone warned last month that he would take the race back to Silverstone if the funding was not forthcoming.