Jaguar Land Rover Group Race Closer to Silverstone Takeover

Silverstone Wing

British Racing Drivers’ Club chairman John Grant has spoken to club members about the possible sale of the Silverstone circuit to Jaguar Land Rover Group.

Silverstone, which hosts the British Grand Prix annually as well as other popular motorsport events is owned by the BRDC, who have been in negotiations with JLR group for some time now.

John Grant presented the proposal at a member’s forum yesterday. Current BRDC president and ex-Formula 1 driver said that the proposal was met with a positive reception from its members.

“The deal is definitely not one yet,” said the former world sports car champion.

“There’s still a lot of work to do to get the deal to where both sides are happy and more importantly what’s right for the BRDC and its members.

“Having said that, we are well down the road.

“We told the members to get a flavour of what they thought of the deal.

“The response was favourable so we will now set up an EGM for the members to vote and give the board a mandate to proceed with the deal and continue with negotiations with JLR.”

If agreed the deal will contribute to the long-term future of the British Grand Prix hosted at Silverstone. High race fees required by Formula One Management have caused the BRDC to struggle in recent years, despite record attendances.