Liberty Media is still hoping to reach an agreement with the BRDC over the future of Silverstone as host of the British Grand Prix.
Currently, the 2019 event is the final F1 event for Silverstone on its current contract with Formula One and a new deal is yet to be signed.
One of the most popular venues on the calendar, the loss of the British Grand Prix from the F1 schedule could represent a huge loss for the sport and Liberty Media.
Speaking to Sky Sports News, Liberty Media CEO Chase Carey admitted that he was still holding out hope for a new deal to be reached ahead of the 2020 season.
“Silverstone is a valuable race. We appreciate what Silverstone has meant to fans. We are engaged with them to see where we can get to.
“This sport historically seemed to like to talk in public before they talked in private. We’re trying to do the reverse, talk in private and then address the public with what we’ve done.
"We’re going to continue doing with what we think is the right thing, but we are engaged with Silverstone.”