Britain's Bid to Keep F1 Boosted As Silverstone Backs Pounds 60m Plea ; Owners Win Crucial Vote to Seek Major Investment in the Track, Which Needs Work to Bring It Up to Grand Prix Level.
Evening Standard - London › August 26, 2009
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Summary
CRUCIAL new support for the major redevelopment of Silverstone may have secured the future of the British Grand Prix. With doubts growing over the viability of plans to switch Britain's round of the world championship to Donington next season, the race was in danger of being lost had Silverstone's owners not decided to seek the Pounds 60million needed to transform it into a state-of-the-art venue.
But at a stormy extraordinary general meeting of members of the British Racing Drivers' Club, who own Silverstone, the board beat off opposition from traditionalists faction to win an overwhelming vote in favour of "entertaining offers" of a deal that could include selling off naming rights to the word famous circuit.See the full content of this document
Extract
Britain's Bid to Keep F1 Boosted As Silverstone Backs Pounds 60m Plea ; Owners Win Crucial Vote to Seek Major Investment in the Track, Which Needs Work to Bring It Up to Grand Prix Level.
The decision was welcomed by former world champion Damon Hill, now president of the BRDC.
He said: "This vote is a significant result for t...See the full content of this document
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