Bernie Ecclestone says he is losing patience with Silverstone and is on the brink of pulling the British Grand Prix from the 2010 calendar unless the track agrees to his terms.
Silverstone is now the race's only hope after its planned move to Donington Park fell through, but the track's owner the British Racing Drivers' Club has said it cannot afford the current deal proposed by Ecclestone.
The Formula 1 commercial chief has remained unmoved and insisted he will not drop his prices for Britain, and he now says that Silverstone is running out of time to commit.
“They say there is not much between us and them, so they should sign,” Ecclestone told the Daily Express.
“Maybe they have lost their pen but if they don’t find it in the next day or two then that is it.
“I will pull the race off the calendar and there will be no British Grand Prix to argue about.”
Earlier this week BRDC president Damon Hill had suggested that it was Ecclestone who was prolonging the uncertainty.
"As a business Silverstone has kept itself primed and expecting to look to a renewal of its grand prix contract," Hill told the Guardian on Tuesday.
"It's geared up to run a grand prix, and the longer that goes on, the more damaging it is to that business without a contract.
"So we would very much like to get something sorted as soon as possible, but clearly Bernie is not in a hurry, he can wait.
"We can't force him.
"We just have to be patient because there are some things beyond your control, and this is probably beyond our control.
"All you can do is try your best and we'll see what unfolds."