Friday, April 24, 2009

Donington Park in new doubt to host F1 for 2010

New doubt on Thursday fell on Donington's ability to host the British Grand Prix beginning in 2010.

It emerged that the circuit's owners, Wheatcroft and Son Ltd, launched legal action over $3.6m in unpaid rent.

The lawsuit filed with Derby County Court is also calling for the termination of the 150 year lease held by track boss Simon Gillett, who last year secured a ten-year contract to see the Formula One race move from Silverstone to the Leicestershire venue.

"Despite receiving numerous reassurances over a number of months they have consistently failed to meet their financial obligations under the terms of the lease," owner Kevin Wheatcroft said in a statement issued by his lawyers.

"We have held off taking legal action for as long as possible but have been left with no choice but to commence proceedings to recover the outstanding rent and forfeit the lease," he added.

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