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Silverstone GP secured - Off in the distance
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May 2016
 

The Bellinghman
Date: 2009-12-07 10:50
Subject: Silverstone GP secured
Security: Public
BBC report here.

The report indicates a 17 year deal, with investment to be made on rebuilding the pits and paddock. With a decent length period to develop over, the BRDC can concentrate on getting the best facilities in, something a year-by-year deal made difficult.

(Poor Donnington, though.)
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martyn44
User: martyn44
Date: 2009-12-07 12:12 (UTC)
Subject: (no subject)
That's good news, but what odds that Bernie will be back in a couple of years threatening to take the GP elsewhere because Silverstone isn't up to Abu Dhabi, Malaysia and China levels of providing young virgins for him to walk on.
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The Bellinghman
User: bellinghman
Date: 2009-12-07 12:57 (UTC)
Subject: (no subject)
He'll have problems with a contract signed and in place.

(Which is not to say he might not try a breach-of-contract case, but with luck, he may have had to retire from active meddling before that happens.)

The new tracks are fine, but Abu Dhabi, for example, may be hit by the size of their fellow Emirate Bahrain's financial woes. I rather suspect that the Silverstone deal (12M rising to 36M by the end) is actually pretty good as far as Bernie is concerned - how many places are there that could spend the AD/M/C levels of money that actually want to?
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The Bellinghman
User: bellinghman
Date: 2009-12-07 16:35 (UTC)
Subject: (no subject)
Hmm, it looks like there's the option to cancel at 10 years. I note that the escalator isn't as bad as it was originally estimated, rising to 22M after 16 years rather than 36M (5% compound as opposed 7%).
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