Speculation that the organisers of next year's British Grand Prix at Donington Park are having trouble balancing their financial books continue to nag away at the F1 community.

Start_07 According to reports in the financial press, the annual accounts of Donington Ventures Leisure, the company established three years ago by Simon Gillett and Lee Gill, show a loss of £12.4m last year and a total accumulated debt of £66.7m.

Even more worryingly, it is reported that its auditor has expressed the view that Donington may not have sufficient financial resources to stage the race in 2011.

DG0_7175Gillett also appears to have other problems. Gill, who was dismissed from the company only a matter of months after they signed the deal with Bernie Ecclestone to stage the race, is now suing his former business partner, claiming damages of £150,000 and other associated costs.

It also still remains to be seen whether or not Gillett can satisfy Ecclestone that sufficient structured progress is being made at the circuit by the crucial September inspection date on which the final go-ahead seems likely to depend.

Start__05 Ecclestone is no sentimentalist and will not hesitate to drop the British GP from the calendar if he thinks there is no prospect of the Donington crew getting the job done.

Just as France may have had the last laugh by losing out to London in the battle to stage what now looks like a ruinously costly 2012 Olympic Games, so Silverstone may end up privately relieved that their days as a cash cow for Bernie's insatiable money-making machine are disappearing in their rear-view mirror.