The British Automobile Racing Club (BARC) has severed its connection with Mallory Park Circuit, which is in administration.
In a statement, BARC says: “It is with considerable regret that we believe we have now exhausted all discussions with the administrator in respect of Mallory Park. BARC has been informed that the Landlord, Titan Properties, will not reduce the rent by half as widely previously publicised and in fact will only offer terms for the next 12 months without any commitment towards necessary capital expenditure on track works moving forward.”
BARC says it has also been informed that any future agreement from Hinckley & Bosworth Borough Council is subject to caveats, although we have not seen definitive terms.
“Clearly BARC is committed, as it has been over the previous months, to continue operating motor sport at Mallory Park but is not in a position to do so with continuing uncertainty in respect of contractual arrangements with Titan Properties and HBBC.
“Under these circumstances BARC has come to the conclusion it is unable to pursue any future involvement with the Mallory Park Circuit.”