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Circuit of Wales Says It Has £120 Million of Conditional Funding in Place

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One of the greatest mysteries surrounding the Circuit of Wales is exactly where the funding for the project is due to come from.

The ambitious project to build a circuit in the Blaenau Gwent region of South Wales will need some £325 million to complete it entirely, with around £200 million to come from private investors, the rest to come from public funds.

Though the Circuit of Wales has had plenty of headlines, there has been little word of any private investors putting any actual money into the project. That seems set to change.

Michael Carrick, Chief Executive of the Heads of the Valleys Development Company, the company behind the Circuit of Wales project, told the BBC that they have already raised £120 million in private investment, leaving £80 million still to find for development to go ahead.

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MotoGP

Silverstone Confirmed To Host British GP in 2015 & 2016

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Within a day of the announcement that the British round of MotoGP would not be held at Donington Park comes confirmation that the race will be held at Silverstone.

The ending of the relationship between Donington and the Circuit of Wales meant that a replacement venue had to be found at short notice, and with only Silverstone currently capable of hosting a MotoGP round, the deal was quickly arranged.

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MotoGP

Silverstone to Host British GP after Donington Dust-Up?

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The British round of MotoGP will not this year take place at Donington Park. In a shock statement, Donington Park announced it was breaking off its partnership with the Circuit of Wales to host the British GP.

In the statement, Donington claimed that it had not received the funding promised to it by the Circuit of Wales, which was needed to perform the upgrades required for MotoGP.

With no money forthcoming, Donington had no choice but to break the contract, leaving the British round of MotoGP without a home, at least temporarily.

Reports on the Motorcycle News website suggest that Silverstone will host the British race instead, with senior staff from the circuit having spoken to Dorna in Barcelona last week.

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MotoGP

MotoGP: Donington Park Will Host British GP in 2015

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Donington Park is to host the British round of MotoGP in 2015. The Leicestershire circuit has reached agreement with the Circuit of Wales to host the British Grand Prix while the Welsh track is being built.

The Circuit of Wales was in talks with both Donington, which hosted the British Grand Prix from 1987 until 2009, and Silverstone, which hosted the race from 2010 until this year, but agreed more favorable terms with Donington.

The deal is a little more complicated than most contracts with racetracks. Dorna has a contract with the Circuit of Wales to host the race for the next five years, but the Circuit of Wales is yet to be built. Construction on the ambitious project has yet to be started, and the project is still a long way short of the money it needs for completion.

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MotoGP

Wednesday Summary at Silverstone: Yamaha Territory, Racing at Home, & The Future of the British Grand Prix

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Since the beginning of the season, as he racked up one victory after another, Marc Marquez faced the same question over and over again: can you keep on winning? And over and over again, Marc Marquez gave the same answer: one day, he would not win. On that day, he added, it would be important to think of the championship, and get on the podium if possible.

That day came 10 days ago, at Brno. After struggling all weekend with a lack of rear grip on his Repsol Honda, Marquez couldn’t match the pace of his teammate Dani Pedrosa, and the two Movistar Yamahas of Jorge Lorenzo and Valentino Rossi. Fourth was all that Marquez could manage.

The measure of a champion is not just how he wins, but also how he handles defeat. As Marquez rolled back into his garage after the race – a rare occurrence indeed, this the first time Marquez finished off the podium in his MotoGP career – there were no tantrums, no anger, no shouting.

He patted his mechanics on their shoulders, sat down in his seat, and immediately started analyzing the defeat he had just suffered with his team. This was clearly not an experience he was keen to replicate any time soon. If any doubt still lingered, the eagerness with which he attacked the official test at Brno on the Monday after the race quickly removed them.

Yet there is good reason for Marquez to fear another defeat. After the summer break, the reigning world champion pinpointed both Brno and Silverstone as tracks where he expected to come under fire from his rivals. Fans and journalists were quick to dismiss those doubts as merely sandbagging, or playing to the peanut gallery.

Had Marquez not said exactly the same thing about Mugello, Barcelona and Assen? And had Marquez not taken victory at those tracks, too? At Brno, it turned out Marquez had been telling the truth. “Everyone said that winning was easy for me,” Marquez told the media. “But I know how hard it was.”

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MotoGP

Circuit of Wales Gets 5-Year Deal for British MotoGP Round

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The British Grand Prix is to move, if everything goes to plan. At a press conference held today, Dorna and the management of the Circuit of Wales announced that a deal had been reached that will see the track, to be built in Ebbw Vale in South Wales, will host the race for the next five seasons, with an option to extend the contract for another five years after that, until 2024.

The only problem is that the Circuit of Wales does not exist yet. The track is part of a £315 million project aimed at regenerating the Blaenau Gwent region, a once-prosperous region that has lost most of its employment since the coal and steel industries closed.

The Heads of the Valleys Development Company have set up a scheme to create a major motorsports industry hub centered around an FIM and FIA homologated race track, capable of hosting world championship racing.

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Racing

Proposed Circuit of Wales Could Host MotoGP & WSBK

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The prospects of both MotoGP and World Superbikes visiting Wales took a step closer yesterday. Dorna CEO Carmelo Ezpeleta and Events Managing Director Javier Alonso flew to the UK earlier this week for a series of meetings about the proposed Circuit of Wales, a new facility that is to be built near Ebbw Vale, in South Wales. The Dorna bosses met with several key figures involved in the project, including Lord Kinnock, former UK Labour Party leader and now ambassador for the circuit, and Welsh Minister for Business, Enterprise, Technology, and Science Edwina Hart.

Ezpeleta and Alonso also met with media, including MCN and local news organizations. Ezpeleta expressed how impressed he had been with the plans for the facility, which include an FIM and FIA approved race track, a motocross track, a karting track, as well a technology park, hotel facilities, and a motor sports racing academy, aimed at providing training for young riders and drivers.

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