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Jaguar Land Rover to buy Silverstone?
Jaguar Land Rover, a subsidiary of India's Tata Motors, has been linked with £25m purchase of Silverstone. Just weeks after (Silverstone owner) BRDC president, Derek Warwick, claimed there was no rush to sell the Grand Prix venue, BRDC chairman, John Grant, has suggested the opposite. 'Our balance sheet is still too weak to support a high-risk £50m-plus turnover business and we have no cash reserves to fund future development of the circuit,' Grant told BRDC members in a letter on Friday, according to the Daily Mail. This comes months after Silverstone managing director, Patrick Allen, admitted: 'What you really need is somebody who wants to buy a trophy asset and is willing to...
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9y ago from Pitpass.com
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