Donington Park funding in doubt

Hopes of next year’s British Grand Prix being held at Donington Park were dealt a major blow this evening with speculation suggesting that the track s fund-raising plans have failed.

Earlier this month the circuit announced a £135 million bond in a last ditch attempt to raise the funding required to bring the track up to Grand Prix standards.

However it was reported tonight by BBC Five Live that the bond issue has now been withdrawn due to a lack of interest.

Donington Ventures Leisure Ltd, operators of the Derbyshire circuit, have yet to comment on the issue, but are expected to make a statement tomorrow (Friday) as they face another deadline from Formula One s commercial rights holders.

Although Bernie Ecclestone has long assured the world of Formula One that there will be a British Grand Prix in 2010, it is thought that any hopes of Silverstone staging the race will only occur if they are handed a new long-term deal.