bad news

[Trevmk3]

DONINGTON PARK OPERATORS ENTER ADMINISTRATION

Wed 18th Nov 09 - 15:08

 

The company which held the lease over the Donington Park motor racing circuit has entered administration.

 

The affairs of Donington Ventures Leisure Limited ("DVLL") are being handled by partners Nigel Price, John Kelly and James Martin from the Birmingham office of corporate recovery specialists Begbies Traynor.

 

DVLL had a 17-year contract with Formula One Administration to host the British Grand Prix round of the Formula One World Motor Racing Championship, signed in July 2008. It also had a 150-year lease on the circuit, with landlord, Wheatcroft & Son Limited, signed in January 2007, which also hosts the likes of pop concerts, corporate days and markets as well as motor sport.

 

Work has already begun to develop the circuit to Formula One Grand Prix standard.

 

Mr Price said: "This need not be the end of Formula One racing at Donington.

 

"We are certainly hopeful that a 2011 Grand Prix could take place at the site. "We are looking for a purchaser for the business and the potential opportunity to bring Formula One to this part of the Midlands by funding the work that needs to be carried out to the circuit.

 

"It still remains a fantastic location - next to an airport and main motorway connections.

 

"It needs people of vision to get the dream to the starting grid and we would be very interested in talking to interested parties."

 

Mr Price said Begbies Traynor was still assessing how much was owed to creditors.

 

cant believe it has gone like this, im more annoyed that they dropped a bollock by losing the MotoGP because they concentrated more on trying to get the F1 back

 

with any luck someone with money will come in and throw some reddies at it as its a decent track

[caprinerd]

thats bad news hope they can turn it round

[mk1mexico]

I dont. they dont deserve anything after the shambles that was the Moto GP 09.

[Mr Sam]

keep forgetting to check

 

 

but is that ford spares day on this year? they usually have one in november.....overpriced shit but usually find something you need

[Ste-V]

I don't really pay much attention to F1/Moto GP etc. but its never good to hear a track closing Hopefully someone will sort it

[mk1mexico]

keep forgetting to check

 

 

but is that ford spares day on this year? they usually have one in november.....overpriced shit but usually find something you need

 

It wont be in the exhibition building, its flat

[vibrating_Cake]

that was my fave track!!!! =( BOO!

[Mr2Caps]

From what I can understand, the company that owns the lease to Donnington has gone into administration, not the track itself. If the company don't pay the owners of Donnington then the lease reverts back to them. Track SHOULD continue to exist but maybe revert to being a more national focused track than international, certainly in the short term.

[Trevmk3]

keep forgetting to check

 

 

but is that ford spares day on this year? they usually have one in november.....overpriced shit but usually find something you need

 

It wont be in the exhibition building, its flat

 

have they now flattened it as it was there a few months back but i know they were going to so they could put the new main stand and straight there.

 

just seen on the news that the exhibition centre is still there but they have flattened alot of the infield ready for doing foundations for the new pits ect and some of the track has been dug up in places for the track improvements so it cant be raced on until they are sorted