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The control of the city council changed to a left wing Labour group, who decided, among other reasons, that the event wasn't sufficiently 'ethnically diverse'. There was also the issue that on a balance sheet not all of the economic benefits to the city were seen, so the event made a 'loss' even though it brought many millions of pounds into the city economy, which combined with the face a new act of Parliament was needed for a 3 day event, combined with the cost of circuit and paddock improvements, meant the event was allowed to die.
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