(GMM) A grey cloud is once again threatening to move above the British GP.
With news that a $1bn developer, St Modwen Properties, is on the verge of signing a 125-year lease of the Silverstone venue, a group objecting to the plan has emerged within the track-owning British Racing Drivers' Club.
The St Modwen contract must first be ratified by the BRDC at a February 22 (2006) meeting.
Former British F3 champion and BRDC member Harry Stiller is leading the group of objectors, who argue that the formula one race - costing the club some $21m every year - should not be safeguarded at any cost.
''We are being asked to vote on an agreement that could put our club in jeopardy and as yet we know nothing of the detail,'' he told England's Daily Telegraph.
''Under the proposed deal it is my belief that we could lose control of the property entirely.''
Written: Tue, 31 Jan 2006 10:02:57
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