Why would certainly Jaguar Land Rover be interested in buying Silverstone?

Friday, October 28th, 2016 - autos, cars, motoring, news

Source : Why would certainly Jaguar Land Rover be interested in buying Silverstone?

Jaguar cars testing at Silverstone JLR is usually considering a bid to buy the famous Northamptonshire race circuit. So, what’s in This kind of for your vehicle company?

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What a fascinating, tantalising bit of news. The classic: why didn’t they think of This kind of sooner?

If Jaguar Land Rover were to buy Silverstone, This kind of would certainly solve many problems for what appears to be a reasonable cost. JLR would certainly get an iconic home close to Midlands base, with space to grow, places for its staff to park at (a big problem at its current sites), along with, crucially, a place to host, demonstrate along with sell products to its customers.

Read more on the JLR-Silverstone deal 

This kind of can also build the heritage centre This kind of desires, along with possibly even house the James Hull Collection of some 543 classic cars, around a quarter of which are Jaguars.

The future of the British Grand Prix is usually the elephant in room. While many of Silverstone’s race events along with activities are profitable, the Grand Prix is usually not. would certainly JLR be concerned about the race’s future?

Silverstone managing director Patrick Allen told The Telegraph in September he could not guarantee the future of the race after the sale of land to clear debts meant rental income was no longer coming in. This kind of pays for the hosting of the race – for which This kind of includes a contract through 2026 – in arrears, along with F1 supremo Bernie Ecclestone has said a discount or renegotiation for a fee in which goes up each year anyway is usually not going to happen.

JLR is usually unlikely to want to sustain something loss-creating for mere kudos, nevertheless JLR is usually also equally unlikely to want to be seen as the company in which killed the British GP. So perhaps parent firm Tata could step in as a saviour. This kind of has sponsored the Ferrari F1 team, along with could become a sponsor for the race, adding the British Grand Prix to its illustrious portfolio of British brands including Jaguar Land Rover along with Tetley Tea.

All This kind of is usually theoretical, of course, in these early stages of negotiations between JLR along with Silverstone’s owner the BRDC, nevertheless This kind of’s hard to think of a loser in all This kind of if This kind of comes to fruition.

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