Jaguar Land Rover’s mooted purchase of Silverstone moved a step closer after the circuit’s current owner, the British Racing Driver’s Club (BRDC), reported a “favourable response” to the proposed deal from its members.
The BRDC has been in negotiations with JLR over a possible deal, which could provide the funding for further circuit improvements at the home of the British Grand Prix.
BRDC chairman John Grant presented the potential deal to the club’s members during a discussion forum on Wednesday. BRDC president Derek Warwick said the response was very positive from the members.
“The deal is definitely not done yet,” the ex-Formula 1 driver and world sportscar champion told Autosport.com.
“There’s still a lot of work to do to get the deal to where both sides are happy and more importantly what’s right for the BRDC and it’s members. Having said that, we are well down the road.
“We told the members to get a flavour of what they thought of the deal. The response was favourable so we will now set up an EGM for the members to vote and give the Board a mandate to proceed with the deal and continue with the negotiations with Jaguar Land Rover.”
The deal, if agreed, could help to bolster the long-term future of the British Grand Prix at Silverstone.