Jaguar Land Rover are reportedly working on a bid to buy Britain’s famed Silverstone circuit.
The Financial Times reported that Jaguar Land Rover has asked for valuations of the circuit and its land by property consultants Cushman & Wakefield.
Silverstone is valued at around 22.7 million pounds roughly (492 million rand) and the lease of the circuit is currently held by the British Racing Drivers Club. If Jaguar Land Rover do buy it, they could use the circuit and its facilities as its new worldwide headquarters and BRDC would become a tenant.
An official offer from Jaguar Land Rover has not yet been made and if it is, then it will need to be approved by the 850 members of the BRDC.