BRDC Give the Go Ahead for Finding Silverstone Investors

Silverstone race track owners met on Tuesday to debate their position concerning foreign investments. The Silverstone circuit has been owned by the BRDC (British Racing's Drivers' Club) since 1971.

The meeting was held in the board's wish to see the legendary Silverstone renovated to the point where it can achieve the honor of hosting the British Grand Prix again.

With this target in mind, the BDRC has agreed to grant its Board the competence to handle and approve investing offers for the track and its surrounding areas.

"The resolutions proposed at this EGM called for the powers, granted to the Board at a previous EGM two years ago, to be extended to our core land. I am of course pleased with the outcome. It further illustrates the BRDC's commitment to Silverstone and to the future of British motor sport", said BRDC chairman Robert Brooks.

The only condition however, regarding the acceptance of investment proposals states that the investment has to be beneficial to both motorsport and the club.

"Today's EGM was not about selling Silverstone. BRDC Members were voting on whether or not the Board should be authorised to approach and negotiate deals, with potential investors, on behalf of the Club. It is purely commercial. Silverstone is an international sports arena and we are continuing with plans to develop it in keeping with the very highest standards", said Damon Hill, President of the BRDC.

"The primary function of Silverstone will always be racing, hopefully with a Formula 1 British Grand Prix", concluded Hill.