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JOHNNYBET

BRDC vote delayed

NEWS STORY
22/02/2006

Following an extraordinary meeting of the British Racing Drivers' club, it has been decided to delay a vote on the redevelopment of the Northamptonshire track.

In a statement released following today's meeting, BRDC Chairman, Sir Jackie Stewart, said: "Members need more information and a longer period of consultation before we put the two resolutions to a vote."

Ordinary Resolution 1 (Authority to Board to conclude negotiations with St Modwen Properties PLC relating to the development of the Silverstone Estate)

Ordinary Resolution 2 (conditional on passing of Ordinary Resolution 1) (Authority to Board to conclude negotiations with Northern Racing PLC relating to the operation of the Silverstone Racing Circuits.)

"We are confident that taking on board all the opinions and strongly held views at today's EGM we can proceed with our strategic plans for the development of Silverstone.

"However, the board accepts and supports that members need an additional period for briefing and consultation and we were happy to accept the strong view of the meeting. St Modwen and Northern Racing are fully in support of today’s decision"

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