I'll give the administrators of Donington Ventures their due: they have a responsibility to get the best price possible for a business that has run into terminal financial trouble, so there's every reason why they should talk up its prospects.
But there’s one small problem with their claim that the track might still host a Grand Prix in 2011: it's called Silverstone.
The Northants track has been negotiating to regain the rights to stage the British Grand Prix following Donington Ventures' failure to secure the cash it needed to bring the track up to Formula One standards.
Those negotiations will not have been for one race but for a multi-year contract. So if Formula One Administration, the company owned by Bernie Ecclestone, does sign a deal with Silverstone it won’t be for 2010 only.
In which case Donington would have to wait years before it could get another look in.
Now, there are still a couple of faint chinks of light for Donington. One is in those Silverstone negotiations, which have hit a stumbling block in what the track is willing to pay Ecclestone.
I'm guessing, but I suspect they are refusing to pay the top dollar Ecclestone was due to get from Donington. While Ecclestone knows he won’t get top dollar from Silverstone, an offer which this famous hard-bargainer regards as too low will see him drop Britain from the calendar and head off somewhere rich.
Somewhere rich also represents the other chink of light for Donington: are the administrators hoping that foreign money will stump up for Donington Ventures?
It may sound like a long-shot to most people in business, but stranger things have happened.
Look at Notts County...
So long....
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Dear Readers,
Thanks for supporting this blog over the last few years. Writing it has
been an absolute pleasure, though the time has come to shut this part...
13 years ago