Jaguar Land Rover yet to make formal offer to purchase Silverstone

The British Racing Drivers' Club has confirmed it has yet to receive a formal offer from Jaguar Land Rover with regard to a potential purchase of Silverstone

Jaguar Land Rover yet to make formal offer to purchase Silverstone

Property consultant Cushman & Wakefield is understood to have valued the site at £22.7m after being tasked with an evaluation in July.

At present, it would appear JLR is one of a number of parties interested in the Northamptonshire venue.

A statement issued by the BRDC to its members, and seen by Autosport, reads: "The British Racing Drivers' Club (BRDC) receives confidential approaches from a number of different parties attracted to the iconic Silverstone circuit and considers these on their merits.

"Should an attractive offer be received from any party, the BRDC board would seek a mandate from Club members before progressing it.

"We have no further comments to make on the recent press reports."

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