Post by racechick on Aug 10, 2016 7:48:34 GMT
Not THAT sort of hanky Panky! Business hanky Panky.
Silverstone is the only F1 track that receives no government money at all. So it has to be innovative to offset losses from the prohibitive costs charged by Bernie Ecclestone.
Its currently run by the BRDC ( British Racing Drivers Club) who have had the best interests of the track and maintaining the British GP at heart.
A few years ago they had to sell off some ajoining land to offset losses. They've also built a new technology centre.
Recently theyve been been looking to sell Silverstine to Jaguar Land Rover ( JLR) they wanted to use it as a testing track for theif high performance cars and also for their customers to use. But this sale faltered when it came to light that Porsche could block rival manufacturers from using the track for more than 45 days a year.
So another party has shown up interested in buying it, tycoon Lawrence Tomlinson who owns Ginetta sports cars. The thing is this guy is very close to the Silverstone managing director, Patrick Allen. Allen has now been suspended on full pay for 'being too close' and 'talking to ' Tomlinson.
But there is a split in BRDC members with some crediting Allen with turning round the fortunes of Silverstone. A meeting in September is expected to be 'explosive'.
I hope this isn't the latest threat to our British GP!
www.cityam.com/247225/silverstone-boss-patrick-allen-suspended-being-too-close
Silverstone is the only F1 track that receives no government money at all. So it has to be innovative to offset losses from the prohibitive costs charged by Bernie Ecclestone.
Its currently run by the BRDC ( British Racing Drivers Club) who have had the best interests of the track and maintaining the British GP at heart.
A few years ago they had to sell off some ajoining land to offset losses. They've also built a new technology centre.
Recently theyve been been looking to sell Silverstine to Jaguar Land Rover ( JLR) they wanted to use it as a testing track for theif high performance cars and also for their customers to use. But this sale faltered when it came to light that Porsche could block rival manufacturers from using the track for more than 45 days a year.
So another party has shown up interested in buying it, tycoon Lawrence Tomlinson who owns Ginetta sports cars. The thing is this guy is very close to the Silverstone managing director, Patrick Allen. Allen has now been suspended on full pay for 'being too close' and 'talking to ' Tomlinson.
But there is a split in BRDC members with some crediting Allen with turning round the fortunes of Silverstone. A meeting in September is expected to be 'explosive'.
I hope this isn't the latest threat to our British GP!
www.cityam.com/247225/silverstone-boss-patrick-allen-suspended-being-too-close
