So will ITV be heading up the queue to sign on the dotted line for a new contract with Bernie Ecclestone for UK Formula 1 coverage in the not-to-distant future if the BBC declines to renew its current deal as it tries desperately to trim costs?

According to The Guardian, the Beeb’s mandarins have identified both F1 and its Wimbledon coverage as potential areas for the chop when it comes to slashing 20 per cent from its budgets by 2014.