UK motor racing circuit owner MotorSport Vision (MSV) has taken over Donington Park circuit.
MSV, which already owns and operates Brands Hatch, Oulton Park, Snetterton, Cadwell Park and the Bedford Autodrome, has struck a deal with Kevin Wheatcroft, owner and operator of Donington Park, to take over the circuit business and to lease the Donington Park Estate for an initial 21-year term.
The organisation, owned jointly by Palmer and Sir Peter Ogden, is also in the process of expanding into Europe. In 2015 it made the freehold purchase of a former military airbase in north-east France, which it is currently developing into a large motorsport village named Laon Autodrome.
A venue for racing prior to World War Two, Donington Park was requisitioned as a military vehicle depot in the war and then fell into disrepair until it was purchased and revived by local construction entrepreneur Tom Wheatcroft in 1971.
Kevin Wheatcroft, son of Tom, regained control of the circuit in the wake of the collapse of leaseholder Donington Ventures Leisure Ltd, following a failed attempt to secure the funding required to host the British Grand Prix.
The East Midlands track currently hosts rounds of British Superbikes, the Dunlop MSA British Touring Car Championship and the Superbike World Championship.
MSV Chief Executive Jonathan Palmer said: “I am thrilled that MSV has now acquired the Donington Park circuit business.
“Donington has incredible history, being the first permanent road circuit in the country and the only circuit upon which the mighty pre-war Auto Unions and Mercedes Grand Prix cars raced in the 1930s.