MotorSport Vision has confirmed its been ‘unconditionally clear’ to take over Donington Park circuit by the Competition and Markets Authority, having reached an agreement back in January.
MSV, which runs Brands Hatch, Snetterton, Oulton Park, Cadwell Park and Bedford Autodrome, reached an agreement with Donington Park owner Kevin Wheatcroft at the start of 2017 to take control of the circuit’s business and an initial 21-year lease of Donington Park estate but has been unable to begin any work until receiving clearance from the CMA.
After a seven month review, the CMA has granted the acquisition by MSV of Donington Park ‘unconditionally’ and despite the initial delay chief executive of MSV Jonathan Palmer is thrilled to receive the confirmation.
“I am delighted that the CMA has decided to clear MSV’s purchase of the Donington Park circuit business at the initial, Phase 1 level,” Palmer said. “Whilst it has been frustrating to put our plans on hold whilst we awaited this decision, we have never doubted that Donington’s customers and end users will benefit significantly from MSV’s much greater investment in all aspects of the venue, and the associated improvement in the customer experience both in terms of service and value.
“My management team at MSV are all very excited about the potential of Donington Park and we are planning a great new era for the circuit. We now look forward to immediately getting to work with the existing Donington personnel in order to achieve this.
“We are grateful to the CMA for their thorough and careful review of this transaction.”
Donington Park currently hosts rounds of the World Superbike championship, British Superbike championship, British Touring Car Championship plus a number of club and classic race meetings and track days, while links to a potential British MotoGP have begun to appear after the Circuit of Wales funding collapse. The Download music festival is also held at the Leicestershire circuit.