Rockingham has confirmed it has a new owner after the Jersey-based investor Grey Rock took control of the Northamptonshire venue.
Represented by endurance racer Stuart Wright, Grey Rock has purchased the circuit as part of a deal that has also seen it acquire the nearby Priors Hall Development.
The new owner has vowed to ensure that the circuit will continue to integrate with the local community, with the focus for the venue being to maintain Rockingham as one of the leading research and development centres for the automotive industry in the UK, alongside its programme of track day and race events.
“I'm delighted to be involved in Rockingham,” Wright said. “There is a great team in place who have shown tremendous commitment to the track and I look forward to helping them to develop Rockingham as one of the UK's leading automotive race and test centres.”
Rockingham chief executive Charlotte Orton welcomed the new investment.
“This is an extremely positive development and is vital for the sustainable future of Rockingham,” she said. “This new investment will provide the circuit with the opportunity to continue to grow and reach its full potential.
“There have been a number of changes since I joined Rockingham 10 years ago, and it is fair to say it has been difficult at times, however this investment rewards the great team spirit we have at Rockingham and all the hard work which goes on behind the scenes.
“Rockingham changed its core business focus in 2006, and as a result has transformed from being more than just a motor racing circuit to one of the UK's leading automotive and testing venue, which has made profit year on year.”
Alfred Buller, father of FIA European F3 racer William, will retain an interest in the circuit.