A spokesman for the Donington Park circuit has rejected reports suggesting Silverstone is set to retain the British grand prix.

A spokesman for the Donington Park circuit has rejected reports suggesting Silverstone is set to retain the British grand prix.

With scepticism still rampant about Donington's ability to upgrade its track and honour its contract to begin hosting the grand prix next year, it is increasingly reported that the race will stay put rather than move away from its current home at Silverstone.

The latest media reports suggest an Arab takeover might secure Silverstone's future on the F1 calendar, while managing director Richard Phillips has been quoted as saying the Northamptonshire circuit needs to know its plans for 2010 within the next six weeks.

"There has been no response to the internet reports as they have no substance or factual basis," a Donington spokesman told the local Derby Telegraph.

"Donington Park still holds the contract for F1 for 17 years from 2010," he added.

The spokesman said details of the necessary funding for upgrade works will now be forthcoming in September, despite chief executive Simon Gillett earlier claiming the information would be available in March or July.

Earlier this month Donington appointed Red Grouse Properties, involved in the Wembley Stadium and O2 Arena projects in London, to oversee the refurbishment of the Leicestershire circuit.

"(Red Grouse Properties chief) Jayne (McGivern) will ensure that all of the new work on site is completed in a timely manner and to the highest standards," said Donington in a statement.

 

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