Tomlinson walks away from Silverstone deal
ENTREPRENEUR Lawrence Tomlinson has reportedly walked away from a deal for the Silverstone race track.
The Northamptonshire site was allegedly in the midst of a bidding war with the Garforth-based LNT Group chairman and british Jaguar Land Rover.
According to The Telegraph, Mr Tomlinson had made several offers but had declared 31 October as his last.
JLR also backed out after a year of negotiations. The only known remaining bidder is Jonathan Palmer, owner of the Brands Hatch track in Kent.
Silverstone’s chairman issues a profit warning to shareholders in October this year.
The British Driving Racer’s Club currently own the site, a group of 850 shareholders which includes former champions Sir Jackie Stewart and Nigel Mansell. In the five years to 2015, BRDC made losses of £55.9m.
Around 140,000 supporters saw Lewis Hamilton race to victory in the British Grand Prix this year, an all-time attendance low with reduced ticket prices, which started at £99.
