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Silverstone GP secured - Off in the distance
my journal
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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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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