Quote:
Originally Posted by MGDavid
Valid point and exemplifies my concern. Britten is no longer a director, I don't know if Ogden is just an investor-director (sleeping partner) but think he might be - so what's the succession plan?
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With the lease being for 21 years I would guess that will reach to about the time that motorsport in the UK disappears as far as large facilities are concerned.
Thus succession, as far as motorpsort is concerned, may not be an issue.
The secondary problem is that as one moves through the generation of a family the number of people being supported by the "family business", even if it is publically owned in theory, starts to weigh heavily on the decisions made since all feel somewhat entitled to a slice of the revenue.
Selling up can be a good way to avoid family ructions - thus continuity again becomes a non-issue.