No buyer found for unusable Donington

UPDATE The Donington Park racing circuit has been handed back to the Wheatcroft Family after the administrators of the defunct Donington Ventures Leisure Ltd failed to find a buyer for the 150-year lease, which was taken out in 2007. DVLL also had a 17-year contract to host the British Grand Prix, but this too is now worthless as the race will now stay at Silverstone. Donington’s future remains in considerable doubt at the moment, although it is likely that someone will take overt he circuit and run it as a business, albeit at a rather lower level than it has been in recent years. Without grand ambitions of F1 the circuit can be a successful business, although repairing the damage done by DVLL will take some investment. Joe Saward Blog

12/24/09 (GMM) Administrators of the Donington Park operation have not found a buyer, BBC News reported late Thursday.

The previous lease holding run by Simon Gillett went into administration following the failed bid to host the British grand prix beginning in mid 2010.

Administrators had said there was interest in the business, but the long term lease holding will now revert back to the Wheatcroft family. Tom Wheatcroft died at the end of October.

The Leicestershire circuit is currently unusable, because renovation works in readiness for the formula one race had to be stopped prior to completion.