BRDC seeks Silverstone investment The British Racing Drivers' Club (BRDC) has announced it is hoping to attract commercial investment to drive the continuing development of Silverstone.
The BRDC owns the track, which is one year into a 17-year deal to host Formula One's British Grand Prix, and a new pit and paddock complex is nearing completion ahead of this year's F1 race.
However, the BRDC has plans to "realize the full potential of Silverstone and its 760-acre estate" and has appointed PricewaterhouseCoopers to attract investment for a series of new projects including hotels, a hall of fame, young driver academies and an international-standard kart track.
"We are seeking external investment to help us realize the full potential of Silverstone more quickly," said BRDC chairman Stuart Rolt. "We have asked Robert Brooks, previous chairman, to lead the process. If we cannot find a suitable investor, or are unable to agree satisfactory terms on a deal, we will continue with the development ourselves, albeit at a slower pace."
Rolt added: "The commercial potential of Silverstone and the estate is significant. With the new circuit, new pit and paddock complex and other existing key motor sport developments all funded, the time is right for the BRDC to consider potential investment from third parties who share our vision and can help us realize the full potential of Silverstone more rapidly."
The circuit, which held the inaugural Formula One World Championship race in 1950, will also play host to MotoGP and the Superbike World Championship in 2011. This year's F1 British Grand Prix will take place on July 10.