At  an  EGM  convened  at  Silverstone  on  Tuesday  25  August,  the  Members  of  the British Racing Drivers’ Club (BRDC) voted overwhelmingly to grant powers to their Board, authorising them to entertain offers of investment in Silverstone and its core land.

It was reiterated that the BRDC Board would only consider deals upon terms which were clearly favourable to the long-term future of British motor sport and to the Club.

The  BRDC’s  long  term  objective  is  to  develop  further  Silverstone’s  motor  sport infrastructure, related technologies, education and training and to ensure that the UK continues to be the global leader in these specialist areas.

Robert Brooks, Chairman of the BRDC said, “The resolutions proposed at this EGM called for the powers, granted to the Board at a previous EGM two years ago, to be extended  to  our  core  land.  I  am  of  course  pleased  with  the  outcome.  It  further illustrates the BRDC’s commitment to Silverstone and to the future of British motor sport.”

Damon  Hill,  President  of  the  BRDC  said  “This  vote  is  a  significant  result  for  the future  of  Silverstone.  Today’s  EGM  was  not  about  selling  Silverstone.  BRDC Members were voting on whether or not the Board should be authorised to approach and  negotiate  deals,  with  potential  investors,  on  behalf  of  the  Club.  It  is  purely commercial.  Silverstone  is  an  international  sports arena and we are continuing with plans to develop it in keeping with the very highest standards.

“The primary function of Silverstone will always be racing, hopefully with a Formula 1 British Grand Prix.”