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Silverstone Circuit Owner Announces It Is No Longer For Sale

The home of the Formula 1 British Grand Prix "is no longer for sale, its owner has announced," according to the BBC. The British Racing Drivers' Club said in a statement that it "decided to shelve discussions about a sale" of Silverstone Circuit. Potential investors, including the Jaguar Land Rover group and MotorSport Vision, "had previously shown interest in the Northamptonshire venue." The statement added the move is "not without risk" (BBC, 2/22). PLANET F1 reported the BRDC cited the takeover by Liberty Media as a "key reason behind the decision." BRDC Chair John Grant said in a statement, "We expected to pick up discussions with our 'unnamed substantial overseas investor' again [at the start of] the New Year. After further reflection and, in particular, completion of the sale of Formula 1 to Liberty Media, [the] Board has now decided to shelve discussions about a sale and continue on a go-it-alone basis" (PLANET F1, 2/22). MOTORSPORT's Matt James reported Grant also said that "the decision not to sell the circuit means that several background changes," which had been put on hold while the talks were ongoing, would now be put in place. The changes "include the removal of the club secretary role and the introduction of a new voluntary club ambassador" (MOTORSPORT, 2/22).

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