Donington dispute resolved, British GP saved
The future of the British Grand Prix seems to be secured today as a statement was issued that the dispute between Donington Park's chiefs was resolved. Landowners Wheatcroft & Son Ltd had launched legal action against leaseholder Simon Gillett's Donington Ventures Leisure Limited over £2.47 million of unpaid rent, in a move that threatened the future of the British GP, but this issue was finally resolved.
Simon Gillett said: "This is another positive boost for Donington Park. We were always aware that saving the future of the British Grand Prix was an enormous task, but it is one that we are fully committed to and will make happen.
"So far, all of our efforts have been achieved in the face of adversity and it's reassuring to know that the Wheatcroft family shares our vision and passion for British motorsport."
Kevin Wheatcroft, the son of track owner Tom Wheatcroft, said: "We are pleased that significant progress has been made in recent weeks and I am delighted that we have now reached an amicable agreement.
"We have always shared and supported the vision of ensuring that Formula 1 returns to Donington Park and are hopeful that, with the settlement achieved, that vision will be turned into reality."
