BRDC Says It Has Granted Exclusivity In Silverstone Talks To Overseas Investor

The owner of the British Grand Prix track said that it had "granted exclusivity to an overseas investor on future investment in the Silverstone Circuit," after talks with carmaker Jaguar Land Rover were terminated, according to Sanjeeban Sarkar of REUTERS. The British Racing Drivers' Club said that it "could not disclose the identity of the investor due to a confidentiality agreement," and said that the investor "had long-established interests" in the U.K. On Friday, JLR walked away from discussions, "dealing a blow to the plans of the owners of Silverstone to boost the site's finances." The BRDC said that none of the proposed deal structures with JLR "were acceptable," and a bid from Motor Sport Vision is being held in reserve (REUTERS, 11/7).