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Silverstone Profitable As MD Steps Down

Silverstone's 'Wing Complex' and F1 start/finish straight
By:
 Sam Collins
Added:
 Monday, September 12, 2016

In a statement issued recently by the British Racing Drivers’ Club (BRDC) revealed that Silverstone Circuits Limited Managing Director Patrick Allen would leave the organisation. Silverstone Circuits Limited is the operational arm responsible for the operation of the famous British racetrack and under Allen's management has recently become profitable for the first time in 10 years.

“It is time to put a permanent management team in place. Patrick’s contract with the BRDC has always been on a consultancy basis, with the purpose of reinvigorating the customer proposition and establishing an effective long-term business strategy. With these foundations now in place, permanency is required in Silverstone’s leadership to take that strategy forward” the BRDC statement reads.

“The BRDC Board fully acknowledges Patrick’s contribution to SCL and is pleased to have agreed terms to enable him to step aside and a new skilled team to continue to build on his success.” Patrick Allen commented: “I have greatly enjoyed working at SCL. Some of you may have heard, or seen in the press, some rumours about my departure. It is true that some allegations were made against me but, for the avoidance of doubt, these have all been withdrawn and I am pleased to have concluded mutually agreeable terms with the BRDC.”

Silverstone is still thought to be in talks with Jaguar Land Rover and Ginetta owner Lawrence Tomlinson about possible takeover bids.

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