According to Speed TV, F1 boss Bernie Ecclestone has given Donington a 5-week ultimatum to produce a bank note or stand down. It remains to be seen if the circuit owners can put the financing in place as little details have emerged from their press office but it may be safe to assume the debenture program is not faring as well as they would have hoped.
“They have got until the end of September to produce a bank guarantee and their contract depends on that. If they don’t it’s adios amigos,” the Briton told the Sunday Express. A Donington spokesperson said: “We are unable to disclose any information about funding.” Ecclestone has said previously that if Donington cannot deliver, Formula One will remain at its current British home at Silverstone. The news comes just two days before members of the Silverstone-owning British Racing Drivers’ Club vote on a plan to apparently sell the running of the track to a wealthy investor.