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Silverstone to be divided by sale?
The rumoured sale of Silverstone, allegedly to a private equity firm owned by Lloyds Banking Group, could see the British Grand Prix and other racing 'assets' split off from the land surrounding the famous circuit.According to Sky News, the deal between LDC and the British Racing Drivers' Club will see Lloyds Development Capital invest 'millions of pounds' in support of a management buyout of Silverstone Circuits, which promotes and hosts the British Grand Prix, while property group MEPC – the buyer rumoured in the last round of 'Silverstone sold' stories - acquiring the adjoining land, which has long been earmarked for redevelopment.While the MEPC deal is rumoured to carry a £40m price...
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