Palmer buys Brands Hatch group
News boss: Palmer has proved the successful bidder for the four Brands Hatch circuits.
Jonathan Palmer has won the race to buy four of Britain's top motorsport circuits.
The former grand prix driver won a bidding race to secure the future of Brands Hatch, Snetterton, Oulton Park and Cadwell Park.
Although no final figure has been put on the deal to buy the circuits from the Interpublic Group, Palmer insists his bid was not the highest.
A new company created by Palmer and partners John Britten and Peter Ogden - MotorSport Vision Limited - was chosen from an original list of 80 bids for the four circuits.
Andrew Waller, managing director of Silverstone, signals that Palmer and John Britten have won the bid.
"The future of these historic venues as motor racing circuits is now assured," said Palmer.
"Central to our plans is continued ownership of all four circuits and development of the motorsport business at each of them in accordance with their character and opportunities they present
"In four years Bedford Autodrome has become the most successful corporate motorsport venue in the country, though it was never designed to hold motor racing events. The addition of these four major circuits provides a most valuable complementary portfolio of venues.
"There is clearly a great deal of work ahead and the challenge of successfully developing the new business is substantial. However I am very excited about the prospect of providing spectators with more entertaining motor racing and competitors with circuits that become even better to race at."
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