The British Racing Drivers' Club has received a new bid from a 'business partnership', which has submitted a joint venture proposal to the club in a move to try and secure the future of the track and the British Grand Prix post-2009.

In a statement released to the media, the partnership's principals Bill Archer, former chairman of the Focus/Wickes DIY chain and Mike Rockall, a entrepreneur behind a group of companies with interests in real estate, said that under their plan 'immediate funds' would be made available for 'essential improvements to Silverstone and its facilities'.

"In this time-critical situation, our JV proposal can achieve the core objectives of the BRDC; to retain the F1 Grand Prix long term, finance the necessary improvements to Silverstone, and ensure the continuation of the independence, finances and member benefits of the Club," read a joint statement from Acher and Rockall.

"We have submitted our proposal to the board of the BRDC and we look forward to discussing it with them after what we all expect will be a successful Grand Prix weekend at Silverstone.

"The UK is the world's premier nation in the world in the motor sport industry. Silverstone must be improved to the highest international standard to retain that pre-eminence.

"We are confident as experienced and successful businessmen, working in partnership with Bernie Ecclestone, F1 and the BRDC, we can open a new chapter in Silverstone's proud history."



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