Silverstone, the home of British motor racing, "has been sold" -- raising the prospect of a new business and technology park being built beside the famous circuit, according to Sylt & Reid of the London INDEPENDENT.
The identity of the buyer of the Northamptonshire race track, which is home to the F1 British Grand Prix, "is unknown, but is believed to be a real estate firm."
The most recent company "linked with a takeover of the track was MEPC, a property group owned by the BT pension fund." Its offer was reportedly for £40M ($63M) and "paves the way for a 200-acre business park to be built on the land." Until now, Silverstone "has been owned and operated by the British Racing Drivers Club," a group which has more than 800 members including F1 drivers Jenson Button and Lewis Hamilton.