Very sad if it happens. Other than Eddie Jordan being on screen the BBC F1 coverage has always been the best.
The Guardian has a very good article about this. They want to save the money for other flagship sports such as Wimbledon. But that contract runs out in 2014.
Given that BSkyB will be paying far more than £16.5m per year for full live rights, which it will exploit across all platforms, the expectation is that Bernie Ecclestone has again negotiated a significant increase of the total flowing into the sport.
And...
It is understood that the deal was signed at 5am in order to enable Sky to unveil it before it announced its results to the City. The new deal will give added impetus to ongoing attempts by News Corp, which owns 39% of BSkyB, to put together a consortium to buy Formula One from the venture capital group CVC.