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11:00pm Friday 4th July 2008
The British Grand Prix has been saved - but its new home is to be Donington Park from 2010 and not Silverstone.
Formula One supremo Bernie Ecclestone dropped his bombshell at the Northamptonshire circuit that will now stage its final race next year after being a permanent fixture since 1987.
Ecclestone, president of Formula One Management, said: "Finally the uncertainty is over. A contract has been signed with Donington Park and the future of the British Grand prix is now secure."
The news will come as a bitter blow for the British Racing Drivers' Club, who own Silverstone as they have long been in detailed talks with Ecclestone with regard a new deal.
Ecclestone has continually expressed unhappiness at the facilities at the track, which in many people's eyes is far from the worst on the calendar.
But the 77-year-old has made it plain over the years the circuit was in need of drastic improvement, otherwise it would be axed.
"We wanted a world class venue for Formula One in Britain, something the teams and British F1 fans could be proud of," added Ecclestone. "The major development plans for Donington will give us exactly that. A venue that will put British motor sport back on the map.
"I am sorry we could not have helped Silverstone to raise the money to carry out the circuit improvements and run Formula One."
A man died and three people were critically ill after a coach carrying more than 70 passengers plunged down a steep embankment.
Reality TV star Jade Goody has cancer and will be flying back to the UK for more tests and treatment, her spokesman confirmed.
Christine Ohuruogu sank to her knees in disbelief on Tuesday night after becoming the first British woman ever to win the Olympic 400metres title.
Chris Hoy has become the first British athlete for 100 years to win three gold medals at a single Olympics with victory in the men's individual sprint.
Paedophile singer Gary Glitter is on his way back to Britain after finishing a prison sentence in Vietnam for abusing children.
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