Porsche has saved the famous Kyalami circuit from almost certainly being bulldozed by paying $20million for the track at auction.
The South African arm of the luxury German car maker is believed to have beaten off several other interested parties after bidders were asked to put down a refundable deposit of just over $400,000.
Once the jewel-in-the-crown of the African nation’s tracks, Kyalami’s holding firm, Farm Bothasfontein was put into liquidation earlier this year.
Located north of Johannesburg, Kyalami saw 21 Formula 1 world championship races between 1967 and 1993 with Alain Prost winning the final grand prix.
It had rejoined F1 at the end of the apartheid period after falling...
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