Executive Transactions Names In The News FFA Records $6.2M Profit For '13-14 La Liga Valencia Discards New Bat Logo Qatar Reveals Third WC Stadium Design Qatar Looks To Enter F1 Circuit Healthpoint Partners With Man City Sony Reportedly Will Not Renew FIFA Deal Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games
SBD Global/August 15, 2014/FacilitiesPrint All
A five-year deal has been signed to "bring motorcycling's British MotoGP" event to Wales, according to the BBC. The event will be held at the new £315M ($526M) Circuit of Wales racetrack in Blaenau Gwent, which has yet to be built. Land near Ebbw Vale "will be transformed into the Circuit of Wales to host all but Formula 1 racing." Next year's event will "take place elsewhere in Britain but it is hoped the circuit in Ebbw Vale will take on the remaining four years." There is "also an option for a further five years" (BBC, 8/13). In Newport, Caio Iwan reported the $526M Rassau-based racetrack will host the event from '16 but its developers will "have the right to promote it and choose a location for next year's Grand Prix." Circuit of Wales will be the U.K.'s first "high-tech, low-carbon motor racing facility." The 830-acre complex aims to attract an "estimated 750,000 visitors a year," generate £50M ($83M) per year for the U.K. economy and "create at least 4,000 full-time jobs" (SOUTH WALES ARGUS, 8/13). In Cardiff, Martin Shipton reported "it has been suggested that the racetrack and ancillary developments will create 6,000 jobs and bring 750,000 visitors to the area, although experts have cast doubt on the claims." The Circuit of Wales project is "being taken forward by the Heads of the Valleys Development Company." Heads of the Valleys CEO Michael Carrick said that grants from public bodies would account for "less than 10%" of the project's cost. Carrick said that "at this stage he could still not reveal details of private investors." Carrick: "I am flying around talking to potential investors. Today's announcement is very important for us" (WALES ONLINE, 8/13).
ANZ Stadium has launched a "late bid" to secure the license to operate Super Rugby side NSW Waratahs, which "would see the team relocate from Allianz Stadium to Homebush." A stadium industry source said that the company that manages ANZ Stadium, Stadium Australia Operations, "began discussions" with the Australian Rugby Union and the Waratahs several weeks ago. An ANZ Stadium spokesperson "would not comment on the Waratahs' licence, but confirmed they were in discussions about extending their hiring arrangement with NSW beyond next year" (THE AUSTRALIAN, 8/15). ... The Ritz-Carlton Hotel Company has unveiled plans for its first golf resort in China. The Ritz-Carlton, Mission Hills is scheduled to open in late '15. Developed by the Mission Hills Golf Club and managed by The Ritz-Carlton, the 201-room resort includes 21 private villas and a dedicated club house. The Haikou Mission Hills Golf Club project includes 10 world-class golf courses (Ritz-Carlton).