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BRDC to continue Silverstone negotiations with Jaguar Land Rover
The Members of the British Racing Drivers’ Club (BRDC) have voted in favour of an Extraordinary General Meeting (EGM) resolution to enable their board to continue negotiations to conclude a deal to lease the circuit property to Jaguar Land Rover (JLR) while enabling the BRDC to retain ownership of Silverstone Circuits Limited and preserve Silverstone as the UK’s premier racing circuit. According to the BRDC: 'The potential deal, which will only be completed if the board can agree terms with JLR that it believes to be in the best interests of the BRDC, would align Silverstone with two premier British brands and put the BRDC on a stronger financial footing'. The BRDC board will...
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9y ago from Pitpass.com
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