Silverstone's owners, the BRDC, have rejected the latest reports as efforts to save the British Grand Prix beyond 2019 continue.
The Mail on Sunday was quoted as claiming the Northamptonshire circuit had proposed giving Liberty Media the roughly £30m in ticket sales to secure the race.
Formula 1's owners would then give back fees for managing those ticket sales, organising the race and having use of the track.
"As previously stated, we have no intention of talking about the British Grand Prix contract negotiation in public," BRDC chairman John Grant told RaceFans.
"The Mail on Sunday article is pure fiction and spurious speculation.
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"As has been made clear recently by Stuart Pringle, Silverstone’s managing director, we have consistently said that we would like to maintain the British Grand Prix at Silverstone," he added.
"But only on terms that are commercially viable and, obviously, that means a deal that is also commercially acceptable to Formula 1.
"We have agreed with F1 to keep these discussions private and will continue to do so."
It has been claimed, however, that a bridge does still remain between the two parties, with Liberty commercial chief Sean Bratches not ruling out taking the race elsewhere.
CEO Chase Carey has insisted they are "trying" to find a solution but it appears it'll be some time yet before we know if Britain will have a race in 2020.
