The British Grand Prix has been saved after Formula One bosses struck a deal to allow the race to carry on being staged at Silverstone.

Damon Hill believes it is still possible that a deal can be agreed with Bernie Ecclestone to preserve the future of the British Grand Prinx.

Spain's Dani Pedrosa of Honda won the British Grand Prix at Donington on Sunday, finishing just under four seconds ahead of seven-time world champion Valentino Rossi and Italian Max Melandri. Pedrosa started on pole but was overtaken by Melandri at the start and sat behind the Italian for 11 laps.

Championship leader Valentino Rossi of Italy won Sunday's rain-soaked British MotoGP, with Kenny Roberts of the United States taking second place and Brazil's Alex Barros third. American Colin Edwards was fourth. Six-time champion Rossi took the lead near the end of the 29-lap race, passing Barros with about a half-dozen laps remaining.