Discussions end between British Racing Drivers' Club (BRDC) and JLR; Ginetta boss Lawrence Tomlinson’s rival offer has also expired

Jaguar Land Rover (JLR) has withdrawn itself from the running for the purchase of Silverstone, following unsuccessful discussions with the circuit’s current owner, the British Racing Drivers' Club (BRDC).

In a statement issued today, the car maker, which had reportedly offered £33 million for the site, said: “Jaguar Land Rover has ended discussions with the British Racing Drivers' Club for the foreseeable future and is not proceeding with any plans to either lease or purchase Silverstone at this time.”

While no reason for the decision has been given by JLR, it's thought that it and the BRDC were unable to come to an agreement that met both parties' requirements.

Also bidding for the circuit’s purchase was the boss of Ginetta, Lawrence Tomlinson, but he too is now out of the running.

"Lawrence had extended his option until 31 October, but his offer lapsed when we hadn't made a decision by then,” BRDC chairman John Grant told Autosport.

"The JLR deal was the only one that would have enabled us to retain control of the Silverstone business.”

JLR’s campaign hit a block earlier this year when Porsche, which owns a driving centre located next to the track’s Hangar Straight, reportedly used a covenant within its lease that allowed it to stop a rival manufacturer from using the circuit for more than 45 days a year.

Motorsport Vision (MSV) boss Jonathan Palmer remains a strong candidate for ownership of Silverstone. The former F1 driver said to the Telegraph earlier this year: “The BRDC hasn’t approached me at all, but I’ve told them that I certainly want the opportunity to be invited to put a deal forward.

“On a number of occasions, I have said that MSV would be interested in running Silverstone.”

BRDC chairman Grant also told Autosport that another party is in the bidding for Silverstone, stating that it was "a substantial overseas investor with long-established interests in the UK".

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Comments
9

9 November 2016
"While no reason for the decision has been given by JLR, it's thought that it and the BRDC were unable to come to an agreement that met both parties' requirements."

... you don't say !!
Don't we deserve much better quality journalism from you here !!!

Silverstone should remain totally independent of all motor manufacturers if it wants to have control of its own destiny... lease or rent for income avoids the politics and future agendae of owners possibly yet unknown...

9 November 2016
Build a plant a Saudi Arabia, cancel that. Buy Silverstone, cancel that. Hmmm...I see a pattern here.

9 November 2016
k12479 wrote:

Build a plant a Saudi Arabia, cancel that. Buy Silverstone, cancel that. Hmmm...I see a pattern here.

So they are building/enlarging 4 sites in the UK, just finished a new site in Brazil and are currently building a new plant in Slovakia. Did you forget these when thinking of your pattern or were u asleep then?

9 November 2016
GODFATHER wrote:

So they are building/enlarging 4 sites in the UK, just finished a new site in Brazil and are currently building a new plant in Slovakia. Did you forget these when thinking of your pattern or were u asleep then?

No, because a site in eastern Europe is an obvious place for production in Europe as is JV production in China for that market. JLR is not trendsetting here, rather way behind everyone else and arguably a little late. Brazil on the other hand is less obvious for a premium manufacturer. While there is long standing production there by the likes of VW and Fiat, they tend to be older/simpler/cheaper products than they produce elsewhere. Couple that with a spluttering economy, and increased political risk, in Brazil and across Latin America and it looks a little questionable. Perhaps doing what everyone does - going to Mexico or even non-Unionised US southern states might have been a better strategy.

9 November 2016
GODFATHER wrote:

So they are building/enlarging 4 sites in the UK...

Oh yeah...one of those sites - an engine plant - is not the big sign of success peddled by the UK media, it was a necessity to prevent JLR becoming purveyors of bring-your-own-engine vehicles once its supply from Ford ceased.

9 November 2016
A German company is stopping a British company from buying a British circuit lol - How ironic!. Can the next owner afford to fund future F1 races? JLR looked like the only viable option. Goodbye F1@silverstone and hopefully the brexit will be the end of Porsche in the uk.

9 November 2016
A German company is stopping a British company from buying a British circuit lol - How ironic!. Can the next owner afford to fund future F1 races? JLR looked like the only viable option. Goodbye F1@silverstone and hopefully the brexit will be the end of Porsche in the uk.

9 November 2016
Looks like another piece of England's heritage will be sold to a foreign country. Just close it, it was ruined by all the alterations over the years. Build houses on it, and bring the GP back to Brands Hatch.....and don't alter that for F1 either !!

9 November 2016
they haven't blamed Brexit... "yet"..

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