Donington given new deadline.Summary: Donington Park Donington Park is a site near Castle Donington in North West Leicestershire, United Kingdom, owned by Donington Ventures Leisure Ltd. It is used as a motor racing track, and for music festivals. has been given a two-week deadline to sort out its financial issues or risk losing the British Grand Prix This article is about Formula One race. For other uses, see British Grand Prix (disambiguation). The British Grand Prix is a race in the calendar of the FIA Formula One World Championship. . Donington Park boss Simon Gillett has been given a two-week ultimatum by Bernie Ecclestone to sort out his financial issues or risk losing the British Grand Prix. Gillett, the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Donington Ventures Leisure Ltd, is understood to be in breach of contract with Formula One supremo su·pre·mo n. pl. su·pre·mos Chiefly British One who is highest in authority or command, as of an organization. [Spanish and Italian, supreme, supremo, from Latin Ecclestone as three deadlines over the past two weeks have all come and gone. With just eight months to go before Donington is due to stage the race, time is running out on Gillett to carry out the multi-million pound upgrade required to turn the venue into a Formula One circuit. The additional fortnight's grace has added to the frustration of Silverstone chiefs who have been waiting patiently for Ecclestone to give them the nod they can stage one of British sport's crown jewels crown jewels Ornaments used at the coronation of a monarch and the formal ensigns of monarchy worn or carried on state occasions, as well as collections of personal jewelry consolidated by European sovereigns as valuable assets of their royal houses and the offices they after previously hosting the event for the last 23 years. Damon Hill, president of the British Racing Drivers' Club The British Racing Drivers' Club (or BRDC) is a membership body that represents the interests of professional racing drivers from the United Kingdom. It was founded in April 1928 by Dr. J. , who own Silverstone, said: "As things stand we are waiting in the wings and we would very much like to provide a venue for the British Grand Prix. "We think we're the right place for it. We're ready to go but as yet we have not seen a contract which is a sustainable, affordable contract." He added: "I'd like to see an end to the saga of 'is there going to be a British Grand Prix or not?'. "I think it's about time It's About Time may refer to:
"We do lag behind some of the great stadiums we have in this country for football. "We want to provide a really great venue for the fans but in order to do that we will need to have the kind of contract which provides enough scope to develop the facilities without too much risk to the company going bust." Independent Television News Limited 2009. All rights reserved. Independent Television News Limited 2009. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion