Jaguar Land Rover Preparing Bid To Buy Silverstone Track

Jaguar Land Rover has prepared a bid to buy Silverstone circuit, according to a report in the Financial Times.

The Financial Times claims to have seen documents that show that Jaguar Land Rover had asked property consultants Cushman & Wakefield to evaluate the track and the carmaker could be looking at a figure of £22.7 million.

Jaguar Land Rover, which is a subsidiary of the Tata Motors, plants to turn Silverstone into its headquarters. The company plans to develop a heritage center, museum display, design workshop, hotel and customer handover buildings as part of the development.