A private consortium is hoping to host a London Grand Prix following Silverstone's decision to pull the plug on its contract to host the British GP.
A race on the streets of London has been a long-held ambition of former F1 boss Bernie Ecclestone, but those ambitions remain strong with new owners Liberty Media, who are keen to hold "destination races" in capital cities across the globe.
London has been highlighted as one of those, and with the success of the first ever F1 Live event in London on Wednesday, which saw more than 100,000 fans in attendance despite a 24-hour period of notice, the hunger for a race in the city has increased.
It's been revealed that a private consortium have been working on plans for a race at the site of the 2012 Olympic Games for several months now.
A newly-formed organisation called London GP issued a statement this week confirming their plans, with claims that more than a million fans could attend the event, with various activities taking place in the week building-up to race, which would make it more of a festival than just another grand prix weekend.
"The founders of London GP have been developing plans to host a Formula One race on the Queen Elizabeth Olympic Park for over 12 months," read a statement. "The Park has all the supporting transport infrastructure required to manage a major sporting event such as Formula One."
It went on to explain that London mayor Sadiq Khan's recent comments backing a race in London is "good news" for the project.
"Recent coverage in the media highlights the significant interest that such an event would bring to London," it added. “The latest statements by the Mayor of London supporting such an event are extremely good news for all Formula One fans and this project."
Both Liberty Media and the mayor's office have been made aware of the plans, though neither commented on them at the time.
Four possible track configurations have been shown off, all of them featuring a 'stadium section' that would pass through the former Olympic Stadium – now West Ham United's football ground.
There are plans for 100,000 seats, more than half of those located inside the stadium.
This comes as news of a second London race has emerged in the Docklands area, which would feature Canary Wharf in the background, though details remain scarce.
