The Silverstone motor-racing circuit in Northamptonshire, home of Formula One’s British Grand Prix, has been taken off the market by the British Racing Drivers’ Club (BRDC).
The BRDC had been in discussions with investors, one of which being the Jaguar Land Rover group, over the possible sale of the circuit. However, the organisation has now confirmed that any deal is now off the table.
The BRDC had been seeking extra investment to help fund the rising costs of hosting the annual British Grand Prix. However, it has now cited the recent takeover of Formula One by US mass media company Liberty Media as one of the reasons for its change in stance.
In a statement to its members that was reported by the Autosport.com website, BRDC chairman John Grant said: “We expected to pick up discussions with our ‘unnamed substantial overseas investor’ again (at the start of) the New Year.
“After further reflection and, in particular, completion of the sale of Formula One to Liberty Media, (the) board has now decided to shelve discussions about a sale and continue on a go-it-alone basis.
“While this is not without risk, we feel sufficient confidence in the improved prospects for our business to justify this change of direction.”
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