Meanwhile at Silverstone…

The word from within the British Racing Drivers’ Club is that the hoped-for deal with Jaguar Land Rover is no longer an option, as the talks were terminated late last week. This is a blow for the BRDC board which was hoping to finalise the terms as it would have meant the BRDC would retain ownership of Silverstone Circuits Ltd. Unfortunately, it was not possible for any solution to be found between the two parties based on their different demands. A second bid, from Ginetta owner Lawrence Tomlinson, was also withdrawn a few days ago and so it looked as though the only bidder left standing was  Jonathan Palmer’s Motor Sport Vision. However, it appears that there is another unidentified bidder which has emerged, the identity of which is currently unknown. The only hint is that this is an overseas investor with a long record of investing in the UK. The board  has now decided to grant exclusivity to negotiate with this unidentified party, with the MSV bid being held in reserve. If these negotiations seem to be heading in the right direction, the board will call an Extraordinary General Meeting to discuss whether to go ahead.