Silverstone can become the best Formula One track in the world despite the amount Abu Dhabi has spent on its lavish new venue, the circuit's owners said Monday. Managing Director Richard Phillips told reporters that the revamped circuit, which expects a 120,000-strong British Grand Prix crowd Sunday, had qualities that had been built up over decades. “They (Abu Dhabi) build a hotel that lights up in different ways, and that's absolutely fantastic,” he said. “But have we got a better circuit than they have? Yes, I think we have. Have we got better crowds, a better atmosphere? Yes. We've got all those things. “So we've got something that they will never have,” added the Briton. “If we can absolutely perfect our track, and everything we do build is cutting edge and spectacular, then why wouldn't people think that we are the best in the world?” Silverstone, a former World War Two airfield owned by the British Racing Drivers' Club, hosted Formula One's first championship race in 1950 and now has a 17-year deal for the country's Grand Prix. Criticized in recent years by the sport's commercial supremo Bernie Ecclestone for facilities that have fallen behind glittering state-funded venues in emerging economies like Malaysia and China, the circuit has a major revamp under way. Phillips said a new pit complex was due to be finished by May next year and some 36 or 37 million pounds ($55.86 million) would have been spent on improvements and new buildings by the end of 2011. Damon Hill, the 1996 world champion who is president of the BRDC, said the new layout for this year's race - necessitated by the return of motorcycle Grands Prix to Silverstone - had kept the historic flavor of the venue. “There are some lovely new corners,” he said, later delivering a running commentary for reporters as he powered a Mercedes sportscar around the track with squealing tires and scorched brakes. “You want to race at Monza, Monaco, Silverstone, Spa or Suzuka because you have seen great drivers on those circuits and you want to know how you compare.”