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Nordic
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« Reply #15 on: November 20, 2009, 12:15:18 pm » |
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Donington operator enters administration
Donington Ventures Leisure Limited (DVLL), the operator and leaseholder of Donington Park motor racing venue near Kegworth, Leicestershire, has gone into administration.
The circuit was recently stripped of the right to stage the British Formula One Grand Prix in 2010 after the company failed in a bid to raise £135m to fund a major revamp in preparation for the event.
Construction work has already started on the scheme, which is set to include rebuilding the paddock and pit complex to allow for a three-mile extension of the race track, designed by Formula One circuit architect, Hermann Tilke
Nigel Price, John Kelly and James Martin - partners at the Birmingham office of Begbies Traynor - have now been appointed to oversee the DVLL's affairs, and are confident that Formula One could still be staged at Donington Park.
Price said: "This need not be the end of Formula One racing at Donington. We are certainly hopeful that a 2011 Grand Prix could take place at the site.
"We are looking for a purchaser for the business and the potential opportunity to bring Formula One to this part of the Midlands by funding the work that needs to be carried out to the circuit."
Price added that Begbies Traynor were still examining how much is owed to DVLL's creditors.
Price said: "This need not be the end of Formula One racing at Donington. We are certainly hopeful that a 2011 Grand Prix could take place at the site.
I think he find it does!
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Some people will tell you that slow is good - and it may be, on some days - but I am here to tell you that fast is better.
H S Thompson 1937 - 2005
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Paddy_NL
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« Reply #17 on: December 06, 2009, 06:06:23 pm » |
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...and in the mean time one of the best, historical raceing circuits has been demolished. Just one more reason to dislike mr Ecklestone.
My best memory is LMS 2006, awesome year!!
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Paddy's 2009: Spa LMS • NBR 24 • Le Mans 24 • Spa24 • NBR LMS • Silverstone LMS =( Drinking for Holland  |
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jpchenet
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« Reply #18 on: December 06, 2009, 09:13:37 pm » |
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...and in the mean time one of the best, historical raceing circuits has been demolished. Just one more reason to dislike mr Ecklestone.
My best memory is LMS 2006, awesome year!!
It certainly was!! Great circuit, great fun with friends (despite crap weather), Draught Beer/Cooler/Generator trackside!  Dark Warrior has particularly good memories of it!!  |
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Fran
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« Reply #19 on: December 06, 2009, 10:33:17 pm » |
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Hmmmm.. wasnt that the time when I got to Donny and realised I had left everything I needed (wallet included) at home and had to drive back to Manchester?  |
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Lorry
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« Reply #20 on: December 06, 2009, 11:08:14 pm » |
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...and in the mean time one of the best, historical raceing circuits has been demolished. Just one more reason to dislike mr Ecklestone.
My best memory is LMS 2006, awesome year!!
I don't remember you, but I can't remember much anyway. If I'd have known I'd have popped by, as my lot didn't turn up It was amazing being allowed to drive around the place and view from so many vantage points |
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GENTLEMEN - Start your livers
For and on behalf of the Kent Kronenberg Owners Club
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jpchenet
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« Reply #21 on: December 07, 2009, 01:33:36 pm » |
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Hmmmm.. wasnt that the time when I got to Donny and realised I had left everything I needed (wallet included) at home and had to drive back to Manchester? I wasn't going to mention it!!! |
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Fran
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« Reply #22 on: December 07, 2009, 02:02:50 pm » |
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Hmmmm.. wasnt that the time when I got to Donny and realised I had left everything I needed (wallet included) at home and had to drive back to Manchester?
I wasn't going to mention it!!! I can't quite recall the occasion, but I believe that I had quite a severe hangover that day which might have had something to do with the whole sorry situation! F |
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chop456
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« Reply #24 on: December 08, 2009, 11:27:28 am » |
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If it's any consolation, I'd wager he won't be the one collecting for the whole length of the contract.  |
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I stole DelBoy's lighter and lived to tell the tale.
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Nordic
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« Reply #26 on: December 08, 2009, 01:48:30 pm » |
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property-developing backer Paul White
It will all be houses by the end of the next decade!
Maybe, Palmer or the BRDC will step in and pick it up and save it, but it would be hard for anyone else to take it on as the circuit needs millions spending on it to put it right now.
A sad footnote is that the meusum has been shut, the collection belongs to the Wheatcroft family, but the lease included the buildings its housed in.
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Some people will tell you that slow is good - and it may be, on some days - but I am here to tell you that fast is better.
H S Thompson 1937 - 2005
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Rhino
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« Reply #27 on: December 08, 2009, 04:05:14 pm » |
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Never argue with an idiot, they'll only drag you down to their level and beat you with experience.
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