Donington Boss Denies Debt Allegations

Donington Park will go ahead with its revamping program as scheduled, insisted the circuit's boss Simon Gillett. He denied the reports that appeared in the British media the past weekend – the Daily Mail – linking his company Donington Ventures Leisure Ltd to a £12.4million loss last year and an overall debt of £66.7 million.

The report couldn't have come in a worst time, as F1 boss Bernie Ecclestone recently warned Gillett about the possibility of Donington Park losing the right to host an F1 race in 2010 should the British organizers fail to bring the circuit to the F1 standards. Nevertheless, Gillett insisted the Daily Mail report is not true for the simple fact that his company is yet to file its 2008 financial report.

“It's business as usual at Donington Park and absolutely nothing has changed. Work is continuing on site and all of our staff are completely focused on delivering a full and exciting calendar of events this year ahead of our hosting of the British Grand Prix in July next year,” said Gillett, according to the Press Association.

“Our 2008 financial report has not been filed with Companies House, which leaves me confused as to where certain publications have sourced their 'facts' and figures from. We have always maintained we will reveal details of our financial package for the grand prix in quarter one of this year,” added Gillett, who revealed he will go public with the financial package of the British GP in March.

He also insisted that, despite all the criticism and the rumors surrounding the hosting of an F1 race by Donington Park, he will do everything in his power to get the job done.

“It would be easy to roll over and give in when faced with a constant barrage of scepticism and criticism, but that's not my style. If it was, I would never have embarked on this project in the first place. Our plans are not dreams, but vision,” concluded Gillett for the aforementioned source.
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