 | Home > Off Topic > Jaguar Land Rover could buy Silverstone |
 
|
|
|
| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018   
|
"The Financial Times is reporting that JLR has asked property consultants Cushman & Wakefield to value the circuit and its land. The FT claims that Silverstone would become JLR’s headquarters, with plans to develop a heritage centre, offices for up to 1000 staff and a hotel and visitor centre. The value of Silverstone is reported to be £22.7m."
http://www.autocar.co.uk/car-news/industry...ilverstone |
||
3rd Dec 2015 9:18am |
|
| Projectblue Member Since: 22 Nov 2011 Location: Devon Posts: 1096 
|
Oh great - look how that worked out for the Nurburgring (although it wasn't bought by a big car manufacturer). New project and it's green: www.projectoverland.info
|
||
|
4th Dec 2015 10:22pm |
|
| Ryderoo Member Since: 28 Aug 2015 Location: South Oxfordshire Posts: 1666 
|
I thought JLR have a track and plenty of space at Gaydon.
Is this not the case. Cheers Simon I can explain it to you, but I can't understand it for you 1990 110 TD5 county, my first Land Rover - gone 2012 Discovery 4 XS SDV6 - gone 2014 Discovery 4 XS SDV6 - gone 2015 Evoque SD4 dynamic - Wife’s - gone 2015 Urban Truck 90 XS Santorini Black Hard Top - Reluctantly gone 2020 Discovery 5 Eiger Grey 3.0 SE - gone March 24 2021 Defender S D250 Santorini Black 110 HT - gone March 24 2023 Evoque P300e SE wife’s current vehicle |
||
|
13th Dec 2015 12:06pm |
|
| mse Member Since: 06 Apr 2008 Location: UK Posts: 5035 
|
They have 2 actually 3 tracks, but they cant get the top speed on the primary track or the secondary Mike
|
||
|
13th Dec 2015 12:23pm |
|
| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
|
Latest in the press about the story:
http://www.forbes.com/sites/csylt/2016/02/...03b6b5362a |
||
|
2nd Feb 2016 8:50am |
|
| pjb Member Since: 08 Apr 2009 Location: Sunny Oxford Posts: 1244 |
£22m seems a pretty good price.
The opportunities for a wealthy owner to develop the site are enormous, and I'm sure getting PP to develop the site to create jobs will be very easy. Good Luck JLR  2020 P300 HSE |
||
|
2nd Feb 2016 8:58am |
|
| X4SKP Member Since: 29 Nov 2013 Location: Berkshire Posts: 2295 
|
The perception is that Silverstone has failed to invest to the general level of other race tracks around the world.
£22M to buy Silverstone looks attractive, but if you think that Bernie agreed to deffer the £17M F1 race fee for 2015 until 2016, this probably indicates that financially all is not good at the home of F1 in the UK. If it's sold then £22M is just the start of the investment necessary to be a part of this F1 circuit club. With such a dominance in the technical skills and R&D facilities to compete in Motor Sport based here in the UK it would be great to see Silverstone re-positioned as a first rate facility.  Click image to enlarge http://www.telegraph.co.uk/sport/motorspor...uture.html SKIP https://www.defender2.net/forum/topic83242.html |
||
|
2nd Feb 2016 12:37pm |
|
| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
|
So the first big meeting was yesterday, and this is an excellent piece explaining some of the issues they have to address:
http://www.forbes.com/sites/csylt/2016/02/...fd0b406e62 and a scything piece here on the finances: http://blackflag.jalopnik.com/formula-1-br...1761015164 blaming "multibillionaire muppet king Bernie Ecclestone". |
||
|
25th Feb 2016 9:00am |
|
| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
|
So the confidentiality clause has either been llifted or BRDC president Derek Warwick has let the cat out of the bag:
“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.” http://www.autocar.co.uk/car-news/motorspo...dc-members |
||
|
26th Feb 2016 9:24am |
|
| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
|
Not plain sailing for JLR then:
"A group of race track members has distributed a letter, seen by the Telegraph, urging their counterparts to block the sale. One said: “There is a strong groundswell building within the ranks of the British Racing Drivers Club [BRDC] against this deal.” “The following are points that have been raised: the lack of information about the deal; the exclusivity afforded to JLR; other offers on the table that are not being considered.” http://www.telegraph.co.uk/business/2016/0...le-mooted/ and some more here on the counter-offer: http://www.forbes.com/sites/csylt/2016/04/...7511ef7a08 |
||
|
4th Apr 2016 8:43am |
|
|
|
| All times are GMT |
< Previous Topic | Next Topic > |
Posting Rules
|
Site Copyright © 2006-2024 Futuranet Ltd & Martin Lewis
