BRDC open to Silverstone investors
|By Jonathan Noble||Tuesday, August 25th 2009, 20:40 GMT|
Silverstone has opened the door on future commercial investment that could help it get the British Grand Prix back, following a meeting of its owners at the track on Tuesday.
The British Racing's Drivers' Club has owned Silverstone since 1971 and today it agreed to grant its Board the powers to approve offers of investment in the track and its surrounding land.
The only proviso on taking such investment is that it is beneficial to both motor sport and the club.
BRDC chairman Robert Brooks said, "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."
Damon Hill, President of the BRDC, added "This vote is a significant result for the future of Silverstone.
"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.
"The primary function of Silverstone will always be racing, hopefully with a Formula 1 British Grand Prix."