Eurosport - Wed, 07 Jan 17:32:00 2009
One of the key partners in Donington Park's bid to host the British Grand Prix from 2010 onwards has confessed that they face problems securing the necessary funding.
"Would we rather have been testing the market and putting together this product a year ago? Of course we would," said Andrew Hambel, chief executive of ISG, a joint venture between sports media giant IMG and stadium finance specialists Bastion and the company engaged to structure the seat packages for the 2010 race.
"Now is neither the best time to be persuading people to part with money for a new sporting proposition, nor is it the best time to be asking banks to back an offer of this sort."
Donington is trying to raise the final £40 million towards its re-development budget, which will go towards a range of improvements including track re-alignment, a new pit and paddock complex, six new grandstands for up to 68,000 fans, a new media centre and new hospitality suites.
But with the credit crunch hitting motorsport hard, DVLL's original plan - getting funding by offsetting bank debt against future ticket revenue - is a much less certain source of revenue than when the same principle was used successfully in the building of the new Wembley stadium. And with much of that resting on the sale of 6,000 corporate seats at an annual cost of £5,000 - thereby generating as much as £30 million a year from just five-to-ten per cent of paying customers - the circuit faces an uphill struggle.
"Of course we would have been more confident of being able to do this twelve months ago, but the project has a lot going for it," added Hambel.
"Formula 1 remains a huge draw, and the Lewis Hamilton effect is very positive. Whether it all stacks up to deliver the kind of financing we need is uncertain, but we would not be devoting the time we are to putting this package together if we were not confident that we can deliver."
DVLL's chief executive Simon Gillett, who bought a 150-year lease on the 100-acre Donington site for £30 million two years ago, remains bullish about the project, and is is positive that the necessary work can all be completed before the September deadline imposed by Bernie Ecclestone.
"I don't have to convince people," he asserted. "I'll convince them by building it."
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'on'
At least jb has put on a better picture of glocky the last one looked like he just got out of bed in 1st of January.
LMAO @ Bernard.
He has a go at someone else copy and pasting his posts when that's all the sad loser does anyway. Doesn't matter how many times you post your drivel, it isn't any closer to the truth.
OK I ADMIT I CHEATED!!! SLOWED DOWN MORE THAN I SHOULD,, WAS ONLY CAUSE HAMMY HAD NO OTHER MATES ON CIRCUIT,, FELT SORRY FOR HIM,,THOUGH 18 SECS IN 1 LAP DOES TAKE THE PISS A BIT,, CANT BELIEVE I FELL FOR IT AFTER ALL THE DIRTY CHEATING MCLAREN AND HAMMY HAVE BEEN DOING THIS SEASON AND LAST,, PLEASE PLEASE FORGIVE ME FOR THE BIGGEST CHEATING FARCE IN F1 HISTORY........
KIND REGARDS TIMO GLOCK...
YAWN
HE LOST ALL RESPECT FROM THE DRIVERS
Then hes team mclaren cheat in stealing top f1 secrets in what was the biggest spy scandal in f1 history!!
They should of been banned for long Time but continued and so did mr hamiltons son continue bashing other drivers out of way in hes strive for the ultimate prize the F1 TITLE..
Soon came end of season and with all the bashing and stealing secrets from mclaren mr hamiltons son had blown it all again..OH NO HES FATHER CRY,,
OOHHH but wait a min ,, suddenly out of nowhere from over the horizon,
NO SURELY IT CAN NOT BE!!! YES ITS HIM DADDY ITS HIM DADDY!! cried baby hamilton
YES YES ITS FATHER GLOCK DADDY ITS FATHER GLOCK and the little boys dream came true...out of nowhare like an ALIEN arriving from Mars,,,faher glock had deliverd the ultimate prize to Mr hamiltons son....but the cost was so severve it ended forever F1 as we no it.
HAPPY NEW YEAR CHEATIN MCLAREN ... LOVE FATHER GLOCK...CHEAT HAMILTON SON CHEAT
Dip your hand in your pocket Bernie for the £40,000,000 short fall, you wanted the British GP there, so, if there is a profit to be made at Donington put up your own money and prove it. Because looking at what they still need the money for, it dont look like its gona happen!
Brands Hatch Or Castle Combe Forever.They are both known to actually race.Google Earth needed for Donnington.
Its all a bit of a joke there's Silverston already hosting the grandprix, then slapped in the face by good old Bernie. Now Donnington are saying that they are having financial problems, when surely all the finances should of already of been in place.
Donnington should be stripped of hosting the grandprix and Silverston should have it back. Bernie should step down and let somenody that actually cares about F1 take over.
I have seen this sport be ruined by all the political garbbage and seen the sport decline to what it is today.
I say that if it is not Bernies friends winning everything then he spits his dummy out.
Formula1 is all about the racing not how fancy a circuit is with all its fancy stadiums.
Its about drivers being the elite of what they do, not about what circuit do we allow to stay in this year.
The sport should be encouraging more circuits to get involved, make it bigger and so therefor they have less money to develop the cars, get rid of all the driving aids.
Get rid of the pit lane speed limit so the driver is not allowed pit limiters so then he can not use this as a launch control device. The cicuits should be about how safe they are not how close can we get the spectators to the ring side, like they did when the great Ayrton Senna and Roland Ratzenburg sadly lost their lives, because the run off areas were simply not good enough.
there is 1 circuit that has been overlooked and has all in place and offers better racing than both silverstone and donnington good though they are is brands hatch now if donnington not ready in time im shure that to save bernie having to eat humble would be better equiped than most lets have 1 more gp there then give donington more time and space good luck lewis and keep winning
i must admit after reading some of these posts Touron does not have a point.
How did glok manage to hang on in the last lap..
Glok driving on the dry side of the track in the last few remaining bends forcing hamilton to take the inside WET line to victory.
HHHmmmmmm.....seems a little obvious to me...Can anyone really question me as to why Glok was on dry side of track in last few bends, after all he had slicks on and all
Whats all this extra "HELP & CASH for FERRARI about..
Why cant this question be answered especially by Ferrari fans and especially by Doughnut Marnio.
Due to copyright infringement.the last lap of the brazilian GB especially the last few corners been removed from You Tube..
Why do Mclaren fans keep explaining this question and telling the Truth..
Mouron keeps saying wait till jeremey clarkson show..all will be revealed...
i mean considering glok was on slick tyres and he driving right in the dry line of the track on the last few corners..everyone was surprised he finished at all considering the conditions...Various posts state it was like an ice rink...
Glok was driving in the WET on SLICKS on the DRY LINE NOT/ THE WET LINE on the last few bends....please tell im waiting and have been all Day and probably will be for a long time yet.
LEWISSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSS S
11111111111111111111111111111111111111111111111111 SO FARRRRRRRRRRRRRRRRR
TIMESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSS
WORLDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
CHAMPIONNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
LOVE ITTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
SCHUMY'S RECORD WILL BE SMASHED!!!!!!!!!!!
ps...for the record any FERRARI driver who won the title this year was going to inherit a phoney crown After the season weve had,,,HOLD YOUR HEADS IN SHAME FERRARI & THE FIA
BERNARD STILL POSTING THE SAME OLD @#$% ! LOOKS LIKE RAYT REALY SHOVED IT UP BERNARD, HE CAN'T GET RAYT OR GLOCK OUT OF HIS POOR AND TWISTED MIND
Marcel, GOOD POINT !
If the British Grand Prix is staged in 2010, I am sure Silverstone circuit will step in and host it, but Bernie Ecclestone will have to eat crow to let that happen.
Looks like the poison dwarfs plan to dump the British GP is all going to plan then.
Ok people I gotta say I viewed jenstars original post last night and didnt even notice the massive Hughjorghen post which bumped jenstarfs right outa sight. But I was surprised when exactly the same post by Hughjorghen turned up again today after jenstarf posted new stuff regarding forza Ferrari very sloppy. Today during the conversation with forza ferrari jenstarf also noted the sudden appearance of one kurtmagrigatt which after checking out the posts in the bmw article mentioned by jenstarf does indeed sound very similar to forza Ferrari and anyway it is an amazing coincidence for this poster to also suddenly pop up again today the moment forza is accused of being slim j. Then jenstarf suffers a ton of abuse is blamed for being marnio and all the others. Next all jenstarfs pretty unoffensive posts are pulled as are the rather incriminating posts initially made by forza ferrari which jenstarf initially pointed too as evidence. Forza Ferrari then accuses jenstarf of being marnio.
Later jenstarf posts again and immediately the posts are accompanied by slim j and marnio posts which looks as if jenstarf is one and the same or at least marnio, jenstarf immediately notices this and points it out and lo and behold they too disappear to make a fool of jenstarf. The marnio posts are replaced by bernards. All in all I think it has been a pretty extreme reaction to jenstarfs accusations did it warrant having all jenstarfs postings removed when marnio and Bernard are routinely left up. A really extreme reaction which not only removed jenstarfs posts but also destroyed the context of the argument as it unfolded. Is there something greater at stake here, it is all really rather trivial guys but then that is why the responses of certain parties has seemed far too extreme for my liking.
Well. I like this story!! It has been confirmed that mixedracial relationship is very fashionable now ,more and more single people are searching for mixedracial love....Black man for white lady and white man for chocolate girl ..there is a big storm of "sign up" on the famous mixedracial on9 community
****mixed loving .[ 0 m*****recently.
"I don't have to convince people," he asserted. "I'll convince them by building it."
Oh dear, doesn't bode well when the guy in charge of staging the event comes out with a line like that.
My god are there still people going on about Hamilton and glock.
For gods sake people get a @#$% life. Grow up and stop acting like school children.
Thats unless you are school children, in which case does daddy know you're using his Yahoo! account to post @#$%?
also notice how on this article as well as the fernando alonso article all my posts are being sandwiched in exactly the same way by marion and marnio from peru posts as well as slim J posts it is forza ferrari and he is trying now to set me up as Marnio it is really very clever. Incredible I thought having all my previous posts today deleated was bad he is playing you all including you mga, Forza ferrari is Slim J is Marnio from peru is Kurtmagrigatt just check the article
Kubica realistic about BMW prospects Eurosport - Fri, 02 Jan 18:03:00 2009 posts 1 3 5 7 8 kurtmagrigatt last contribution it is the same person and it is Forza Ferrari talking to himself it reads and writes exactly like Forza Ferrari.
The same kurtmagrigatt who appeared earlier today right on cue as forza ferrari was being questioned about the posting patterns between him and Slim J.
Forza cant appear so it is Slim J again and marnio.
MGA : why don't you post mine while you are at it.
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