Managing director Richard Phillips is one of three senior executives to be suspended amid management restructuring at Silverstone.

The British Racing Drivers' Club (BRDC) is undertaking a review of the management structure at Silverstone - home of the British Grand Prix - with Phillips being joined by Silverstone Circuit Limited (SCL) financial and legal directors Ed Brookes and David Thompson in being suspended. The BRDC's review comes after two failed attempts to sell the circuit in recent years.

BRDC chairman John Grant and director Lawrence Tomlinson have been appointed as joint acting chief executives of SCL while the process is ongoing.

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"The BRDC are taking a closer role in the running of the Silverstone business, with a new operating structure between the Club and the circuit," read a BRCD statement. "John Grant, chairman of the BRDC, and Lawrence Tomlinson, director of the BRDC, have assumed the role of joint acting chief executive of Silverstone Circuits Limited.

"Having reviewed the Silverstone business, they have embarked on an exciting programme of restructuring to make the business more streamlined, concentrating on their core competencies as a circuit operator and the home of the British Grand Prix.

"Whilst we cannot comment on the suspension of senior executives at SCL, it should be noted that this is only coincidental to the restructure."

Silverstone opened a new pit and paddock complex called The Wing in 2011 and has a contract to host the British Grand Prix until 2027. Having regained the British round of the MotoGP championship in 2010, Silverstone hosted the final race of its contract this year having lost out to the yet-to-be constructed Circuit of Wales.