The British Racing Drivers Club has announced details of a new management structure at the Silverstone circuit after finalising a restructure among its upper management.
“This executive team has overseen significant growth and diversification of Silverstone’s business during its tenure, during which the Wing was built and the future of the British F1 Grand Prix secured,” BRDC Chairman John Grant said.
The executives in question, Richard Phillips, Edward Brookes and David Thompson, have departed the organisation. The trio was suspended on full pay in October when the BRDC triggered a separate investigation into the affairs of Silverstone Circuits Ltd’s directorship.
Silverstone Circuits Ltd is owned by the British Racing Drivers’ Club, which owns the circuit, upon which some 760 acres of land have been leased to a commercial property company to develop into business parks. The company has a deal to host the British Grand Prix until the end of 2027.
The remainder of the venue – essentially the track layouts themselves – were subject to an attempted management buyout earlier this year, but the BRDC pulled the pin on the proposal when the bid was unable to deliver the required financing for the transaction. The chairman on Silverstone Holdings resigned from his position in July as a result of the failed bid.
The BRDC confirmed that its new appointments were Patrick Allen (Managing Director) and Stuart Pringle (Sporting Director).
“Silverstone has great potential to become the ultimate entertainment venue and with the support of the team I believe we can make it the place to go,” Allen said.
“I want our customers to know that they can visit the circuit any weekend of the year and be guaranteed an amazing value for money experience whether that is to watch motor racing, visit a music concert, enjoy a food festival or attend an exhibition.”
Image via F1Zone
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