Home Mobile Forum News Cookbook FaceBook Us T-Shirts etc.: Europe/Worldwide. eBay Motorsport Links Advertising  
Site Partners: SpotterGuides Veloce Books  
Related Sites: trackrooms.co.uk Your Link Here  

Go Back   TenTenths Motorsport Forum > Racing Talk > Trackside


Reply
 
Thread Tools Display Modes
Old 9 Nov 1999, 10:17 (Ref:13924)   #1
Andy H
Racer
 
Join Date: Feb 1999
Location:
UK
Posts: 482
Andy H should be qualifying in the top 10 on the grid
From Autosport:

Brands Hatch Leisure is on the verge of being sold to advertising giant Interpublic in a deal worth 119m.

The share price of BHL has shot up after it emerged that the world's second largest advertising company was due to make the multi-million pound offer.

The group revealed it had been approached in October shortly after BHL chief executive Nicola Foulston admitted defeat in the battle for control of Silverstone circuit.

It is believed, the deal would increase the price of shares further and make Foulston's 29.9 per cent stake worth about 35m.

As a further incentive for Interpublic, Brands Hatch has won the rights to stage the British Grand Prix.


and the Evening Standard:

The chequered flag signalled success today for US advertising giant Interpublic as it crossed the finishing line with an agreed 120 million bid for Brands Hatch - home of the British Grand Prix from 2002.

Interpublic is offering 546p per share in paper.

Brands Hatch Leisure chief executive Nicola Foulston has given them a supercharged boost to success by agreeing to sell her controlling interest, consisting of her own and family trust stakes of 29.8%.

Interpublic subsidiary Octagon will merge with Brands Hatch, with Foulston joining its management board.

Interpublic has wide experience in the US motor racing market, and today it said that motor sport was 'one of the fastest growing areas of sport.'

It already runs the Superbike World Championship races at Brands Hatch, which attract thousands of motorcycle enthusiasts to the Kent circuit every year.

Nicola Foulston will join the management board of Octagon once the takeover has been completed.

Today she said: 'Our vision has long been to be the leading international event promoter and venue in world motor sport.

'To achieve this we need to expand our operations from our UK base around the world.

'Interpublic and Octagon offer us a unique opportunity to achieve this goal through their international strength and network, the funding they can provide for us to acquire international business and the international motorsport rights they already control,' added Foulston.


mmmm right don't really know how any of this is going to alter the British GP or any other meetings at Brands yet, I'll reserve judgement for now.

anybody any views or gut feelings yet?

[This message has been edited by Andy H (edited 09 November 1999).]
Andy H is offline  
Quote
Old 9 Nov 1999, 19:12 (Ref:13925)   #2
Sparky
Veteran
 
Join Date: Oct 1999
Location:
Suffolk, England
Posts: 1,512
Sparky should be qualifying in the top 10 on the grid
I've been following this farce since Foulston outbid the BRDC for the British Grand Prix. I'm still worried about the planning permission aspect of Brands.

I can't see any chance of Interpublic or Octagon ever dealing with the BRDC to get the GP back to Silverstone, as might have been the case if Bernie Ecclestone had been successful in his bid for Brands.

The way I see it, the only way forward is for brands to be granted permission to update. The last I heard, Sevenoaks residents vetoed any changes towards FIA status.

What now.....?
Sparky is offline  
Quote
Old 20 Jan 2000, 15:25 (Ref:13926)   #3
Andy H
Racer
 
Join Date: Feb 1999
Location:
UK
Posts: 482
Andy H should be qualifying in the top 10 on the grid
Following on from the sale it seems that Miss Foulston has now parted company from Brands sitting differences with the new owners as the reason.

Still got no idea how this affects the plans for the British GP, anyone else got any views?

[This message has been edited by Andy H (edited 20 January 2000).]
Andy H is offline  
Quote
Reply

Bookmarks




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
All grandstands sold out at Brands Hatch Daf_Loz A1GP 11 15 Sep 2005 07:15
Changes at Brands Hatch Andy Metcalf WTCC & European Touring Car Series 44 25 Mar 2003 18:44
Brands Hatch GPL rdjones Virtual Racers 15 10 Mar 2003 07:21
Brands Hatch pirenzo Sportscar & GT Racing 9 17 Dec 2002 21:40


Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 22:25.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2018 Royalridge Computing. All Rights Reserved.