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18 Nov 2009, 15:34 (Ref:2584282) | #1 | ||
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Donington is Dead - Long live Donington [merged]
With DVLL's descent into administration today, it is time to think about Donington's future and to speculate shamelessly about who is going to leap at this prime opportunity.
All unfounded speculation and support welcomed! In the meantime spare a thought for the workers who have lost their jobs and security just before Christmas. Regards Jim |
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18 Nov 2009, 15:47 (Ref:2584295) | #2 | ||
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It would be nice to think that Bernie, since according to today's Telegraph obit of Tom was such a good mate, might consider quietly using some of the non-refundable monies received from DVL to restore the track
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18 Nov 2009, 15:49 (Ref:2584297) | #3 | ||
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I'd like to extend my thoughts to those whose jobs are at risk with this news. At the same time, I can't help feeling positive about it, as far as the future of the circuit is concerned. The seemingly incompetent management are gone, so the future could get brighter.
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18 Nov 2009, 15:58 (Ref:2584304) | #4 | |
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Part of me wants to rejoice at the news, but then the sane part of me (it's only little) says "oh cack". There are a lot of lovely people up at Donington, and this will leave them in a bit of a stick. Lord knows what'll happen to the track now though.
I'm going to be up there for the BMMC Midlands AGM this evening. I'll see if I can get anything from the staff. |
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18 Nov 2009, 16:29 (Ref:2584326) | #5 | ||
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Assuming they are there to open up for you...
I really hope Donington gets a makover, facelift, and re-emerges with pride. I just worry it won't... |
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18 Nov 2009, 18:55 (Ref:2584400) | #6 | ||
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I can see a fantastic business opportunity there. A rich banker/motorsport fan could turn Donny into one of the best club circuits in Europe. How much input from the Wheatcroft family is open to debate, but in Toms memory, it would be great to see it rebuilt to its former state, i.e. before DVLL.
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18 Nov 2009, 19:05 (Ref:2584413) | #7 | |
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I feel hugely sorry for those that have lost their jobs and have that awful uncertainty at any time of the year and even more so at Christmas...
As to the future, hmm that worries me. AFAIK it's blooming difficult to make money out of running a race circuit. I forget the figure that DVLL seemed to be paying to the freeholder in rent but IIRC it was a huge figure and that's before you spend a penny (pun intended!) on upgrading the frankly scabby facilities in the paddock and around the circuit. There is a pit lane that was clearly designed for bikes, this makes it effectively impossible (IMV) to run international car racing that isn't touring cars. I suppose with a long enough rent free period a new owner would be able to invest in putting the circuit back together and upgrading the facilities but I'm not sure what return on investment this would bring. I really hope the place has a future but I don't think I'd take it on. |
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18 Nov 2009, 21:37 (Ref:2584556) | #8 | |||
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Alternatively, if they forget about bringing Formula 1 to Donington, what about one of the main clubs running the circuit. BARC already runs Thruxton & Mallory so what about the BRSCC or even a consortium of clubs stepping in? Would they have the experience or capability to run the circuit? |
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18 Nov 2009, 21:50 (Ref:2584570) | #9 | |
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I don't see why MSV would want Donington. What does it add that they don't already have? Surely it would be another circuit to compete with those it already has? The only real advantage of Donington is the lack of problems relating to noise and the lack of a curfew.
The Snet redevelopment is still on hold and I'm not sure anyone has the sort of money that Donington needs spending on it burning a hole in their pocket. |
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18 Nov 2009, 22:54 (Ref:2584615) | #10 | ||
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Cue: BRDC buys DVLL for £1.
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19 Nov 2009, 00:14 (Ref:2584676) | #11 | ||
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No news is good news, I guess. And there was actually no mention of anyone being made redundant either, which is interesting. |
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19 Nov 2009, 13:37 (Ref:2585059) | #12 | |||
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Quote:
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19 Nov 2009, 13:51 (Ref:2585081) | #13 | ||
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Well said. I know that we're just working on rumour and conjecture, but I reckon if MSV or BARC took it on, we'd have some great racing on a fantastic track. You never know, they may even build some decent toilets on the outfield.
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19 Nov 2009, 14:29 (Ref:2585107) | #14 | ||
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19 Nov 2009, 15:11 (Ref:2585128) | #15 | |||
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I agree with Piglet, JP (MSV) would not why would they want Donington. We already have strick curfews at Brands and only (I think) 16 Full circiut days a year,but adding Donington to the portfolia adds IMHO nothing except the vast expence of getting the track rebuilt, it's much cheaper to hire Silverstone for a few days. |
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19 Nov 2009, 15:32 (Ref:2585141) | #16 | ||
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One correction, dont forget BARC already have Pembrey as well.
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19 Nov 2009, 16:15 (Ref:2585164) | #17 | ||
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19 Nov 2009, 18:55 (Ref:2585261) | #18 | ||
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I still stand by what I said when all of this farce started,Bernie wants it for himself
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19 Nov 2009, 19:19 (Ref:2585276) | #19 | |||
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The cost of buying the Donington lease from the administrators will probably be a fraction of the cost of the proposed redevelopment of Snetterton and for that MSVR get a far better circuit. The cost of getting Donington up to a raceable standard would not be that much. After that initial outlay MSVR could setup a race school or trackday (driving experience) company at the circuit and start making a profit, the other redevelopment could then be done slow time as and when the budget allows. The curfews etc are the reasons that Brands is not ever going to be the fanastic international circuit it once was. If MSVR want to take on the BRDC and have the best circuit in their own portfolio then buying Donington would be their best course of action. |
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19 Nov 2009, 19:26 (Ref:2585283) | #20 | ||
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I agree and was going to make a similar post, at th end of the day JP is a business man and I think the fact he has other circuits in the portfolio is niether here nor there, I don't ever see Donington not selling their allocation of days do you despite MSV circuits operating so why should it be any different. Only thing I would worry about is monoplies.
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19 Nov 2009, 19:32 (Ref:2585286) | #21 | |
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It would be MSV not MSVR.
Donington (IMO) needs a vast amount of investment. Other than race control, the place is an absolute hole - have you been there recently? I'm worried that I've imagined the figure but my recollection is that based on the arrears that were touted around for DVLL last year the rent seemed to calculate at around £30m a year - that's a lot of track days, especially when you are already running at 4 other circuits and at Bedford - is there enough business to go around to justify the investment? It's not just buying the lease from the Administrators, it's paying the ongoing rental, it's potentially dealing with the existing debt (depending on the deal), it's reinstating the circuit and bringing the facilities up to standard. I really hope someone takes it on, I'd be happy if it was MSV but I wonder why they would, other than the curfew point. They already have WTCC, DTM, Superleague etc. at Brands - the only big car meetings that don't run at Brands are FIA GT's and LMS and you couldn't run either of those at Donington without rebuilding the pit lane. |
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19 Nov 2009, 19:34 (Ref:2585287) | #22 | ||
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19 Nov 2009, 19:53 (Ref:2585298) | #23 | ||
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LMS ran at Donny a few years ago & was a cracking race-but I do remember a lot of the teams complaining about the cramped pit lane. I noticed on another thread that the only round of the FIA GT4 championship in Britain is scheduled for Donny & that has a big grid-does someone know something we don't?
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19 Nov 2009, 20:35 (Ref:2585328) | #24 | ||
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Quote:
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20 Nov 2009, 08:45 (Ref:2585602) | #25 | ||
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Yes that's my understanding to, and LMS cannot (will not) go to Brands Hatch because there is not enough pit lane garages
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