Palmer buys Brands circuits

The Brands Hatch, Oulton Park, Cadwell Park and Snetterton circuits have been bought by MotorSport Vision Limited, a company led by former grand prix driver Jonathan Palmer

Palmer buys Brands circuits

Palmer, who started 83 grands prix in his seven-year Formula 1 career, is managing director of MotorSport Vision, a new company that has been established for the purposes of owning and developing the four circuits. This will complement his existing PalmerSport activities based at Bedford Autodrome, which provides motorsport events for the corporate market.

"Race driving, commentary and motorsport business have dominated my life and I am thrilled to have been successful in acquiring four of the most famous motorsport circuits in Britain," said Palmer. "We are absolutely committed to developing motor racing at the circuits and believe that through innovation and quality enhancement we can revitalise one of the UK's most exciting sports."

The four circuits were previously owned by the Interpublic Group of Companies, an American firm that acquired them from Nicola Foulston in 1999 with the intention of running the British Grand Prix at Brands. Interpublic will now focus on Silverstone circuit, which it leases from the BRDC for the British GP, and the Brands deal does not affect its interests and commitments in relation to Silverstone.

Interpublic's Brands Hatch Circuits Limited arm will be re-named Silverstone Motorsport Limited. Its managing director Andrew Waller said: "We are delighted that Jonathan Palmer and his team are acquiring the four circuits and believe that our sale to his company will help to safeguard the future interests of UK motorsport."

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