The British Racing Drivers' Club (BRDC) has announced that it has terminated negotiations with a second potential investor in Silverstone.

Having confirmed in September of last year that it had completed a 999-year lease with investor MEPC for Silverstone Industrial Estate and development land outside of the circuit, the BRDC has been working to find further investment by leasing the circuit land and selling off Silverstone Circuits Limited (SCL).

However, the BRDC today announced that the talks had not reached a successful conclusion and that efforts to find a suitable replacement will be shelved 'at least for the time being' to focus on this year's British Grand Prix.

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"After intense efforts to secure an acceptable deal, we have not been able to bring negotiations with the second potential investor to a satisfactory conclusion," John Grant, Chairman of the BRDC, said. "The BRDC will now retain full ownership of SCL, whose highly experienced management team will continue to operate, promote and further develop Silverstone as a premier racing destination.

"With or without another investor, the futures of both Silverstone and the British Grand Prix are secure. The circuit business has enormous potential and MEPC's development of Silverstone Park - a high-tech business park on land surrounding the circuit - will enhance the circuit's image and value over the next several years.

"We are delighted with the progress MEPC is already making. They are proving to be excellent partners and strong believers in our shared vision for Silverstone. We look forward to working with them towards implementing our joint vision for the development of Silverstone as a globally recognised centre for world-class motor sport and advanced technology."