UK circuit owner MotorSport Vision (MSV) took the relay circuit of Donington Park.
MSV, which already owns and operates Brands Hatch, Oulton Park, Snetterton, Cadwell Park and the Bedford Autodrome, has entered into an agreement with Kevin Wheatcroft, owner and operator of Donington Park, to take on the business and the lease on the Donington Park real Estate for an initial period of 21 years.
The organization, ownered by Palmer and Sir Peter Ogden, is also in the process of expanding in Europe. In 2015, it is full ownership of the purchase of a former military air base in the north-east of France, where he is currently developing into a large motorsport village by the name of Laon Autodrome.
A place for the race before the second World War, Donington Park was requisitioned as a military vehicle depot of the war, and then fell into disuse until it was purchased and revived by local construction entrepreneur Tom Wheatcroft in 1971.
Kevin Wheatcroft, Tom’s son, has taken over the control of the circuit following the collapse of the tenant Donington Ventures Leisure Ltd, after the failure of an attempt to obtain the necessary funding to host the Grand Prix of great britain.
The East Midlands track currently hosts rounds of the British Superbike championship, the Dunlop MSA British Touring car Championship and the Superbike World Championship.
MSV Chief Executive Jonathan Palmer said: “I am delighted that MSV has now acquired the circuit of Donington Park company.
“Donington has an incredible history, being the first road course in the country and the only circuit on which the powerful pre-war Auto Unions and Mercedes Grand Prix cars raced in the 1930s.
“Like many circuits in the united KINGDOM, Donington has had a difficult period over the last ten years, even if, fortunately, Kevin Wheatcroft and his team have recovered damages caused by the previous owner of the business. Donington is a great British circuit that merit more investment of energy and expertise, in order to make it really exceptional, and MSV will provide this.
“We anticipate a new era for Donington, with some exciting new events and improving the quality of the experience for all its customers, whether they are spectators, competitors and track day participants, with even more value.”
Kevin Wheatcroft, Donington Park’s owner, said: “I am particularly happy to have finally made a deal with MSV, Jonathan Palmer in what is our 40th year, since my father has reopened the circuit in 1977. Since taking the circuit under my own control in 2009, enormous efforts have been made to bring Donington to the forefront of the sport, British car, not to mention the millions it took for them to do so.
“I now look forward to Donington continue to grow and prosper with new investments.”
The case is still subject to regulatory approval.