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According to the Telegraph, Silverstone has been sold. The identity of the new owners is unclear but a BRDC member told the Telegraph’s Christian Sylt:

“A deal has been done on Silverstone. I don’t know who bought it and I don’t know what the terms are, but it is absolutely categoric that a deal has been done and not due to be announced until next month probably.”

The owners, BRDC, have been trying to find a buyer for a 150-year lease option and it is believed to be a real estate firm who may have taken them up on the offer. The new owners would be the promoters of the formula 1 Grand Prix and would also be in charge of the development in and around the circuit. Sylt says that the plans include:

“The BRDC’s masterplan for Silverstone includes construction of a new business park, a technology hub, education campus and three hotels.”

It is understood that Formula One boss Bernie Ecclestone is slated to meet with the new owners next week but did no divulge the identity of the group.

Considering the cost of a 17-ear contract to host the British Grand Prix and no government subsidies, the new owners may find that their investment is a closely run thing. Profit has eluded the BRDC for their efforts with the grand prix but perhaps a new lease, new owners and new look on life at Silverstone may help.

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An F1 fan since 1972, NC has spent over 25 years in the technology industry and as a CTO, he focuses on technology integration in commercial workspace design, AV systems integration, digital media strategies, technology planning, consulting, speaking, presenting, sales, content strategy, marketing and brand building.
  • Schmorbraten

    Sounds promising. Even if the buyers run into financial trouble some years down the line and the whole investment doesn’t add up as such, this can still be a useful path of development. Because if they invest in developing the site and build stuff and then after a few years some holding company has to be sent to the wall and debts need writing off, Silverstone as a whole and as an investment proposition for the next guys will have improved. At least that’s what I think how capitalism manages to be creative.

  • jonnowoody

    I can only assume that a 17-ear contract is when Mr. B.C.E. demands the cash is left in a padded brown manilla envelope behind one of the cisterns of the pee-walls at Silverstone or else one of your familly’s ears sleeps with the fishes, ( or whatever those guys do.)

    { I can confidently make this proof-reading style quip, safe in the knowledge that My smellings are faultless.}

  • you know, one thing I haven’t asked any of my British friends is this: What are your expectations from the British GP? What I mean is this; it is the spiritual, if not physical, home of F1 and the TV coverage is outstanding with hours of in-depth topics and features and the ticket prices for the race are some of the highest on the entire F1 calendar. So does the circuit meet your expectations given the fact that, quite honestly, you’re all spoiled with the series at your doorstep and the massive coverage you get from media, print and TV as well as a proper circuit. Are your expectations being met? From a fans perspective? If not, what’s missing?

    • MIE

      The recent changes to the circuit (extending the track, building the ‘wing’) have all been to satisfy Bernie. What is now needed is some improvements for the paying public (better car parks that don’t turn into a swamp when it rains, grandstands that actually have a view of the pitlane, etc). This sale should help to fund those changes.

      • Tom Firth

        As well as what you mentioned. The transport links in europe are better from a public transport point of view so getting to Spa , The nurburgring or Monza is relatively easy which are all very good circuits with lots of history also as alternatives and with the way the Euro is at the moment It’s hard not to look at alternative circuits for someone planning to go with general admission.

        Course if you have the cash to spend, the more you have, the better all these circuits are for you.

    • jonnowoody

      I spent a vacuous three years living in Milton Keynes, home to Red Bull, and a hundred other soulless industrial units, and fifteen miles from the track. A heaven for the motor fan you might think.
      After visiting once with no view of the circuit than what is seen from a distant video screen, I’d watch the race on the T.V. and actually have value for money.
      I remember watching Schumi break his ankles in the wall at Stowe , then see him fly over my house to hospital.
      I’ve been twice since I left the area and wished both times that I hadn’t opened myself up to being ripped-off.
      What you get for your £300, ( $469,) weekend is to be treated like cattle and access to buy that Williams T-shirt for £50.
      I go to Spa now, you get racing, a view AND beer and waffles. It’s easier to get in and out of and though in a different country, it’s only what you American chums might consider travelling to for a night out.

      • LOL…true, we have a rather large country so driving is not that big of a deal to us. A 14 hour drive to Austin last year wasn’t that big of a deal to be honest and you get to actually drive…if you know what I mean. ;)

        • jonnowoody

          With a 14 hour drive I could take-in Sivverstun, Hockenheim via Spa and swing by the A1 ring on my way to Monza.
          Moules et Frites all the way!

  • charlie w

    Did Bernie Ecclestone finally break down and buy out the BRDC over Silverstone? Seriously, how soon will the rumors start about the UKGP’s next location?

  • Peter Scandlyn

    Hello British F1 fans. Sounds like you’re about the be screwed. Thanks for coming……