Autocar contacted Porsche for comment. A company statement neither denied nor confirmed the claims, stating that private contract matters are not to be discussed in public. However, it did say that it would never stand in the way of a potential deal if it believed the transaction was beneficial to the circuit.
“We wish to see Silverstone, its businesses and the local community continue to thrive and we are fully supportive of initiatives that bring further growth and prosperity to the site,” said a Porsche statement. “We have neither expected nor received any direct contact with representatives from Jaguar Land Rover following media speculation linking the brand with Silverstone, but we remain ready to enter any discussions deemed necessary.”
Porsche’s driving centre has gone from strength to strength in its eight active years. The site, which is located beside the circuit’s Hangar Straight, welcomed 18,396 guests in 2015, a 22% increase on the year before. JLR’s plans for Silverstone aren’t understood to have any direct involvement with the Porsche site, but it has made it clear that it wants to use Silvertsone as a test track for its customers, as well as erecting new buildings including offices, a hotel and heritage museum.
Following the stalling of JLR’s potential deal, longstanding Silverstone boss Patrick Allen has reportedly been placed on leave amid concerns his ties with another potential buyer of the circuit, Lawrence Tomlinson, were too close.
Tomlinson, a multi-millionaire businessman and owner of racing outfit Team LNT, is also bidding to take-over Silverstone. His offer letter promises to “leave the BRDC with an upfront payment of £6m, capital investment, no debt responsibilities and ongoing rent of £1m per year for a further 248 years (index-linked).”
Silverstone has acquired £55.9m worth of net losses in the past five years, although it finished in the black in 2015, with a small profit of £1.2m.