British GP to be held at Donington

[numbersix]

The choice of digger and dumper contractor has an ironic twist ...

[bjohnsonsmith]

It's what you might call a right balls up.

[Dave 455]

Simon is scaring away potential investors, they are not selling many notes or warranties, so they have hired Rodney to run the place, in a bid to give potential investors more confidence, the deadline is in 3 days, will it work? : -

http://en.f1-live.com/f1/en/headline...20124711.shtml

[old man]

Originally Posted by Dave 455

Simon is scaring away potential investors, they are not selling many notes or warranties, so they have hired Rodney to run the place, in a bid to give potential investors more confidence, the deadline is in 3 days, will it work? : -

http://en.f1-live.com/f1/en/headline...20124711.shtml

Don't I recall they took on Jayne McGivern (?spelling) to handle the rebuilding work?

[Woolley]

Originally Posted by Dave 455

the deadline is in 3 days, will it work? : -

Should keep them going until the next deadline 10 days after this one expires.

Farce. Bernie taking a long time to confirm what we all knew in advance. Eventually his agenda will become clear. I'm sure he's known all along what he wants, and is arragning things to ensure he gets it, we just haven't been told what it is yet. What it almost certainly wasn't was a GP at Donington.

[Steven Humphrey]

Originally Posted by Dave 455

so they have hired Rodney to run the place,

And if that fails, it's up to Del Boy

[bjohnsonsmith]

Originally Posted by Woolley

Bernie taking a long time to confirm what we all knew in advance. Eventually his agenda will become clear. I'm sure he's known all along what he wants, and is arragning things to ensure he gets it, we just haven't been told what it is yet. What it almost certainly wasn't was a GP at Donington.

His agenda was to have the GP switched to Donnington and they would have to pay him more for the privilege than Silverstone. We've seen it before with other tracks losing GPs in Europe and NorthAmerica and being replaced by GPs in countries with no racing heritage, just a fat wallet. This time it hasn't worked to the detriment of a great track, or looks like it's not going to work, as it was far too big a project to complete on time and as a result it's overbudget, which is what everyone said would happen from the outset. If they get it done Bernie will say I told you so and if they can't he'll weasel out of saying they weren't up to the task.

[davyboy]

Originally Posted by Woolley

Should keep them going until the next deadline 10 days after this one expires.

Farce. Bernie taking a long time to confirm what we all knew in advance. Eventually his agenda will become clear. I'm sure he's known all along what he wants, and is arragning things to ensure he gets it, we just haven't been told what it is yet. What it almost certainly wasn't was a GP at Donington.

It just goes from bad to worse. Investors don't rate the proposition nor do they rate Gillett. Does anybody really think they will change their opinion and their rating if Sir Rodney's wheeled in ?

[Flavio Galtieri]

Wheeling in Sir Rodney smacks of desperation. There is little trust in Gillett and of course if the funding round ultimately fails Sir Rod doesn't get his job.

There's also the other little matter of the £33 million odd profit that will be required just to service interest on the debt. No doubt investors will be wrestling with that too.

It should be a fascinating end to the week.

[Peter Mallett]

I think we should spare a thought for all those people who want this to happen but are facing ultimate failure..................................................................

Ok that's enough, back to the thread.

[Last2LiftOff]

Originally Posted by old man

Don't I recall they took on Jayne McGivern (?spelling) to handle the rebuilding work?

Rodney will formally take up his new role upon the successful completion of Donington's current fund raising process.

Hanging out in the weeds with Damon keeping the powder dry.

[Dave 455]

The circuit has managed to raise £25 million and Simon is optmistic of finding the remainder by tommorow's deadline : -

http://www.crash.net/f1/news/153820/...this_week.html

[Marbot]

Oooh! That's impressive....only 110 mil short!

[Peter Mallett]

Ooh wait a minutes, what's this behind the sofa? Oh sorry, just an old furball.

[Marbot]

No doubt that the 'Donington plans fail miserably' headline will be lost in the election fever tomorrow.

[bigted]

Donnington have pulled the bond issue.

[Peter Mallett]

Link?

[jab]

5 Live are reporting it so it's kosher

Game over

[Andrew Kitson]

All over the BBC too, even on Look East.

[Mach3]

http://news.bbc.co.uk/sport1/hi/moto...ne/8300268.stm

Hardly unexpected, but a blow nonetheless...

[Peter Mallett]

Couldn't find that from here until now. Game over indeed can we move back to reality now?

[Piglet]

Fingers crossed for a Silverstone deal

[Marbot]

Originally Posted by Piglet

Fingers crossed for a Silverstone deal

Fingers crossed indeed!

It's not yet a foregone conclusion that Silverstone will 'play ball' with Bernie.

[Piglet]

Originally Posted by Marbot

Fingers crossed indeed!

It's not yet a foregone conclusion that Silverstone will 'play ball' with Bernie.

Or indeed vice versa

[bjohnsonsmith]

Originally Posted by Marbot

Fingers crossed indeed!

It's not yet a foregone conclusion that Silverstone will 'play ball' with Bernie.

I agree it's not a forgone conclusion but I see Bernie as being 'co-opertaive' with Silverstone. The British GP has been around since F1s inception and was the first F1 GP to be held, back in 1950. I don't think he really wants to lose the British GP or the revenue he can get from it, if he did it could be undermining for him and he wouldn't take that risk.