Thursday, 23 April 2009

Is the 2010 British GP dead and buried?

Autosport are reporting that the 'freeholder' for Donington Park has commenced legal action against leaseholder (and 2010 British Grand Prix rights holder) Donington Ventures Leisure Ltd for unpaid rent!

Just the small sum of about £2.5 million...

Autosport reports:

"It is with great reluctance that we have taken this decision," said Kevin Wheatcroft of Wheatcroft & Son.

"Donington Ventures Leisure Ltd owe us nearly £2.5m in rent dating back to September 2008. Despite receiving numerous reassurances over a number of months they have consistently failed to meet their financial obligations under the terms of the lease.

"We have held off taking legal action for as long as possible but have been left with no choice but to commence proceedings to recover the outstanding rent and forfeit the lease."

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