Friday, April 24, 2009

Legal battle threatens British GP

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The future of the British Grand Prix at Donington is again in doubt after legal proceedings were issued against the company leasing the track.

Track owners Wheatcroft & Son Limited are seeking £2.47m in rent arrears from Donington Ventures Leisure Ltd (DVLL) as well as forfeiture of the lease.

DVLL, headed by chief executive officer Simon Gillett, secured the 150-year lease in 2007.

The circuit has a 10-year contract to host the race, starting in 2010.

The proceedings against DVLL were started at Derby County Court by lawyers at Browne Jacobson LLP, acting on behalf of the Wheatcrofts, Tom and Kevin.

"It is with great reluctance we have taken this decision," said Kevin Wheatcroft. "Donington Ventures Leisure Ltd owe us nearly £2.5m in rent dating back to September 2008.

"Despite receiving numerous reassurances over a number of months, they have consistently failed to meet their financial obligations under the terms of the lease."We have held off taking legal action for as long as possible, but have been left with no choice but to commence proceedings to recover the outstanding rent and forfeiture of the lease."

Championship leader Jenson Button admitted it would be a "disaster" if the British Grand Prix was taken off the Formula 1 calendar.

"As a British driver, and motor sport is very British, it would be very disappointing not to race in my home country," said Button.

"I don't live in the UK, I live in Monaco, but I'm very British and very patriotic, and it would be a disaster.

"It is a GP that is very hectic for a British driver because it's a very busy schedule.

"But in a way that's what I love about it. It's great driving in and seeing all the Union Jacks. It's a great feeling for a driver."

Formula 1 supremo Bernie Ecclestone expressed sadness at the latest developments threatening the British GP.

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