As yet, neither the BRDC or anybody else has stepped up to accept the offer.

BBC: SPORT | Motorsport | Formula One | New threat hits British GP

It is the latest in a series of stand-offs between Ecclestone and the BRDC over the future of the Grand Prix.

BBC: SPORT | Motorsport | Formula One | New threat hits British GP

Owner the British Racing Drivers' Club (BRDC) is backing a blueprint from developers St Modwen to greatly overhaul the Northamptonshire circuit.

BBC: SPORT | Motorsport | Formula One | New lease of life for Silverstone

Rolt also revealed that the BRDC's view was that a redevelopment of the track was not possible without the help of a major developer.

BBC: SPORT | Motorsport | Formula One | New lease of life for Silverstone

The BRDC confirmed it is making progress in discussions with the East Midlands Development Agency, a government-sponsored body, about securing extra funding from the venue itself.

BBC: British GP still uncertain

In his memo to members, Rolt revealed that the BRDC considered several options on how to secure Silverstone's long-term future, including "voluntarily relinquishing the British Grand Prix".

BBC: SPORT | Motorsport | Formula One | New lease of life for Silverstone

Ecclestone's offer of matching the German rates is designed to take the sting out of the BRDC's claim that it cannot afford the going rate for GP rights.

BBC: SPORT | Motorsport | Formula One | New threat hits British GP

The BRDC says it would have to run the race at a loss if it paid Ecclestone's fees, and it is not prepared to risk its future just for the prestige of having the Grand Prix.

BBC: SPORT | Motorsport | Formula One | New threat hits British GP

Former F1 world champion Damon Hill, president of the BRDC, said on Tuesday that he feared the future of the British GP is far from certain because of competition from around the world - such as countries like Korea.

BBC: F1 boss urges Silverstone to sign