Bosses at Silverstone have denied there has been a rift between the circuit promoters and owners, the BRDC, over funding to re-model the track in time for its MotoGP debut next season.

It was claimed the BRDC had refused to stump up £5m to bring the track up to FIM standards for MotoGP but in a statement released today, Silverstone Circuits say it is rubbish and the plans are to go ahead.

The statement reads:

Silverstone Circuits Ltd has a contract with Dorna to run MotoGP at Silverstone on an FIM-approved circuit.
 
If Silverstone has the opportunity to run the British Formula One Grand Prix in 2010 - and we have made it clear that we are ready to continue to host the race should Donington not be ready - then we will run this on the existing Grand Prix circuit, which will not in any way affect the new MotoGP track.
 
Construction work is due to start on the new MotoGP circuit layout in October/November and this will proceed as planned. The changes that we are making are set to improve the overall venue at Silverstone and, with or without F1, we shall proceed with them.
 
The BRDC has approved all investment plans for hosting MotoGP at Silverstone - this will be funded from our existing resources. The members and the board are all very excited about MotoGP coming to the home of British Motor Racing. Our on-going investment in Silverstone is designed to maintain the circuit's position as the premier UK venue for motor sport, both two and four wheeled.