News Details

BRDC abandons plans to sell Silverstone circuit

The British Racing Drivers' Club (BRDC) has confirmed that negotiations with a potential buyer for Silverstone Circuits Limited (SCL) have ended. The BRDC had hoped to sell the business and lease land following a similar deal with MEPC which secured a 999-year lease for the Industrial Estate and further land outside of the circuit. However talks with the second potential investor broke down when an "acceptable deal" couldn't be agreed. BRDC chairman John Grant insisted the future of the British Grand Prix wasn't in doubt. "After intense efforts to secure an acceptable deal, we have not been able to bring negotiations with the second potential investor to a satisfactory...
Full Story »
4mo ago from TheF1Times.com 0
Share

You May Also Be Interested In...

BRDC ends talks with second Silverstone investor

– Negotiations with a second potential investor in Silverstone have...
4mo ago from GPUpdate.net

BRDC ends negotiations with second potential investor

The British Racing Drivers' Club (BRDC) has confirmed that negotiations...
4mo ago from Pitpass.com

BRDC terminates Silverstone sale talks

The British Racing Drivers' Club (BRDC) has announced that it has...
4mo ago from Crash.net

BRDC abandons Silverstone second lease plans

The BRDC says the future of the British GP at Silverstone is safe without...
4mo ago from espnF1.com

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.