A new cloud over British GP?

UPDATE St Modwen's senior executive director, Richard Froggatt, has told the Northampton News that the deal will not jeopardize the future of the BRDC.

"I can understand why some people might jump to conclusions about the BRDC's future with the track," Froggatt said, "but there's no way we could force them out. They're the custodians of Silverstone and they forever will be. We're looking to take the worldwide reputation Silverstone has already got and build on it. We want to get the technology park running properly and look at how we can turn Silverstone into a year-round operation. We'd be hoping to secure a couple of hotels and some residential development would help with financing the work required for circuit improvements."

01/31/06 (GMMf1NET) A grey cloud is once again threatening to move above the British GP.

With news that a $1bn developer, St Modwen Properties, is on the verge of signing a 125-year lease of the Silverstone venue, a group objecting to the plan has emerged within the track-owning British Racing Drivers' Club.

The St Modwen contract must first be ratified by the BRDC at a February 22 (2006) meeting.

Former British F3 champion and BRDC member Harry Stiller is leading the group of objectors, who argue that the formula one race – costing the club some $21m every year – should not be safeguarded at any cost.

''We are being asked to vote on an agreement that could put our club in jeopardy and as yet we know nothing of the detail,'' he told England's Daily Telegraph.

''Under the proposed deal it is my belief that we could lose control of the property entirely.''

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