The British Racing Drivers' Club (BRDC) has secured Silverstone's long-term future by leasing parts in and around the track to MEPC.
The Silverstone Industrial Estate and development land around the circuit have been sold to the commercial property company on a 999-year lease for £32million. Importantly, though, the deal does not include the management or development of the Northamptonshire track itself and the Club is expected to announce a management buyout of the track before their AGM in October.
The BRDC, though, confirmed that the money from the deal was used to repay its long and short-term loans from Lloyds Banking Group and Northamptonshire County Council.
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