Donington sold to holding company

The DVLL group, headed by Simon Gillett and Lee Gill, has acquired "substantial surrounding lands" and have taken over responsibility for the Donington Grand Prix Collection, the world's largest collection of Grand Prix racing cars.

Donington Park founder Tom Wheatcroft will assume the role of President of the new company with immediate effect.

The company said the acquisitions will allow them to develop the circuit and motor sport events.

"We are naturally delighted and very proud to have acquired Donington Park," said Gillett. "The circuit is steeped in motor racing heritage and has an incredibly fond place in the heart of every motor racing enthusiast whether on two or four wheels.

"We are absolutely committed to realising the full potential of the Park by making the necessary investments in current and future events that will see Donington revitalised ensuring its leading position as one of the most iconic racing circuits in the world.

"To that end and for 2007, we have created the best racing calendar for years, with two of the highlights being, the return of World Superbikes on its 20th anniversary and the holding of the World Motorcross Grand Prix."

DVLL said they plan a series of developments that include improvements to the spectator facilities, expanded and enhanced corporate hospitality facilities and improvements to the exhibition and conference centres.

"This is an exciting new chapter in the history of Donington Park," said Wheatcroft. "It will bring significant investment, new energy, innovative ideas and a broader and more international customer base.

"I am really looking forward to working with DVLL in what promises to be an exciting next chapter of this great and only active circuit in the country with a history going back over 75 years."