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Rodney Walker to return to Donington

Donington Holdings announces plans to bring in Sir Rodney Walker as non-executive chairman
Donington Holdings PLC has announced plans to bring in Sir Rodney Walker as non-executive chairman in an attempt to reassure potential investors who are vital to the venues hopes of staging the British Grand Prix.

The circuit is currently facing a race against time to secure the funds needed to push ahead with its redevelopment, having launched a bond issue last week in an effort to secure £135 million to carry out the work.

According to the Daily Telegraph, the decision to bring in Walker – who is currently the chairman of Snooker's governing body and is a former chairman of both Brands Hatch Leisuire and Donington Park Estates – was taken after potential investors expressed concern at a lack of credible leadership in the Donington plans.

In a short statement, Donington has now confirmed that Walker is set to formally take up the role of non-executive chairman 'upon the successful completion of Donington's current fund raising process'

"We welcome the appointment of Sir Rodney to the board,” CEO Simon Gillett said. “His experience in the stewardship of dynamic growth companies and knowledge of the management of sporting venues and sporting associations will be invaluable. His appointment is the first of a few key executive and non-executive appointments we hope to announce in the coming weeks."

Walker himself said he was pleased to return.

"I welcome this opportunity to return to Donington and support the management team in their strategy to establish Donington as the home of British motorsport,” he said. “I look forward to playing my part in the delivery of world-class motorsport facilities at Donington, the new home of the FIA Formula One British Grand Prix for the next seventeen years."



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mudplugger - Unregistered

October 21, 2009 3:25 PM

Why dont you take a step back and remove your heads from your backsides ! Yes there is two days to go to the deadline so no-one can even comment until then, the original arguement was the LOSS of the british g.p not where it was to be held or who was to run it. The question on my mind is this..... if the funding goes into place and donington goes ahead then who here will still up like a man or woman and appologise ? not one of you !!! the reason ? because good news is no news, if there was not bad news how would you all survive ? i think you need to keep quiet until its over with, then you can comment on " how it should have been done " and how silverstones the best place on earth.

biggermouth2009 - Unregistered

October 21, 2009 1:40 PM

who? Has he got £135m? Has he got a comapny back from breach of contract to F1 super venue in 7 months before? Is he the man with the concrete? i used to watch with anticipation as Donington used to be a premier sporting venue run by enthusiasts, now i watch with trepidation as the venue is as spoilt as the management.



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