British Grand Prix not for sale

Fears that the British Grand Prix is facing a new threat to its future have been laid to rest after Silverstone leaseholder Brands Hatch Leisure indicated that it is not planning to sell off the rights to run the race, according to this week's AUTOSPORT magazine

British Grand Prix not for sale

BHL's parent company, Interpublic, announced in March that it was searching for "exit strategies" to offload all of its motorsport assets because of mounting debts.

But an internal staff communication leaked last week clarifies that Interpublic will stand by its Silverstone lease and its British GP contract. The communication also confirmed that the company is still pushing ahead to find buyers for the four motor racing circuits it owns through BHL - Brands Hatch, Oulton Park, Snetterton and Cadwell Park.

The British Racing Drivers' Club, which owns Silverstone, has welcomed BHL's commitment to the GP. BRDC chairman and F1 commentator Martin Brundle, who has admitted that he feared for the race's future, said that he hopes the club and BHL can now concentrate on their working relationship.

"We want a strong tenant," said Brundle. "Once BHL has completed its restructuring, we want to concentrate on working with them to build a strong business. We could just sit back and take the rent, but that would not be good for British Motorsport. The BRDC is unique in that way."

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