Silverstone buyout bidders pull out?

The future of the British Grand Prix could be in tatters, in light of the latest news emerging from circuit owner the BRDC.

Two bidders, Jaguar and Laurence Tomlinson, have reportedly withdrawn their candidature to buy the historic Silverstone track.

"Their decisions come at a critical time for the BRDC, with its accounts showing cash reserves fell to just £9,000 at the end of 2015," The Telegraph reports.

The FIA and Bernie Ecclestone have scheduled a July 9 date for the 2017 British Grand Prix.