Jaguar to buy Sil­ver­stone?

Bri­tish car­maker is re­ported to have made a bid on the iconic cir­cuit – worth more than £23m

Octane - - IGNITION // NEWS -

AC­CORD­ING TO A RE­PORT pub­lished by the Fi­nan­cial Times, Jaguar Land Rover and par­ent com­pany Tata Group are hop­ing to buy Sil­ver­stone rac­ing cir­cuit, which it has val­ued at close to £23m.

It’s thought JLR would use the Northamp­ton­shire cir­cuit as its UK HQ, with space for its her­itage col­lec­tion, a ho­tel and a vis­i­tor cen­tre.

The in­for­ma­tion comes via doc­u­ments seen by the FT, drawn up by Cush­man & Wake­field, a prop­erty con­sul­tant brought in by JLR to value the cir­cuit. No for­mal bid has been made, and plans are in early stages.

Sil­ver­stone is owned by the Bri­tish Rac­ing Driv­ers Club, which has been in­volved with the cir­cuit since the 1950s. A spokesper­son told Oc­tane: ‘Sil­ver­stone is not for sale and no for­mal of­fer has been re­ceived. We have a fan­tas­tic as­set and are one of the best-known race cir­cuits in the world so it is un­sur­pris­ing that from time to time the BRDC re­ceives con­fi­den­tial ap­proaches from a num­ber of dif­fer­ent par­ties at­tracted to this iconic venue. Should an at­trac­tive of­fer be re­ceived from any party, the BRDC board has an obli­ga­tion to as­sess it and seek a man­date from mem­bers be­fore pro­gress­ing it.’ That has caused is­sues with pro­pos­als in the past.

It is un­der­stood that any agree­ment would al­low Sil­ver­stone to re­main the home of Bri­tish mo­tor sport – in­clud­ing the Bri­tish F1 Grand Prix, hosted there since 1948.

While it has been re­ported that a spokesman for JLR has con­firmed its con­tin­u­ing search for in­vest­ment and busi­ness op­por­tu­ni­ties in the UK, no fur­ther com­ment has been made.

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