Silverstone director placed on leave of absence
Silverstone Circuits managing director Patrick Allen has been placed on a leave of absence amid multiple negotiations to sell the home of the British Grand Prix.
The British Racing Drivers’ Club, which owns the track and Silverstone Circuit Ltd that operates the circuit business, has been in negotiations to sell a lease on Silverstone to the Jaguar Land Rover Group for many months.
In April, Ginetta owner Lawrence Tomlinson made a second offer just before a members vote on the JLR deal, with 54 per cent being in favour of the JLR move. An exclusivity deal with JLR, preventing negotiations with any other parties, has now ended and MN understands a number of possible deals are now on the table.
One of those is the Tomlinson offer and Allen, who is a former commercial director of Tomlinson’s LNT Group and was introduced to the BRDC by Tomlinson, has been placed on a leave of absence in view of his close links with the Ginetta boss.
BRDC chairman John Grant said: “Patrick is taking a leave of absence because we are in discussion with Lawrence, alongside continuing discussions with JLR and exploring a number of other expressions of interest.”
The BRDC board is expected to update its members at its AGM at the end of September.
BRDC is in talks to sell up