FUTURE OF MALLORY PARK THROWN INTO DOUBT

The Mallory Park circuit

The Mallory Park circuit

Mallory Park Motorsport Limited has been put into administration.

Since 1985 the circuit has been subject to very stringent and “restrictive” noise enforcement notices and more recently local residents had questioned some of the notices which were open to interpretation causing further enforcement and restrictions to be issued.

Hinckley & Bosworth Borough Council has prosecuted MPML over four breaches of the noise notice during 2012 which subsequently forced organisers to follow strict provisions of the 1985 notice, allowing 40 days’ racing on Sunday annually along with four Saturdays a year.

Vehicle testing was allowed on Wednesdays but track day operations and driving/rider training were suspended at the circuit resulting in a valuable revenue stream being denied to track owners.

The resulting loss of revenue forced Mallory Park management to develop a recovery plan, which relied in part on a reduction in annual land lease however despite pegging increases over the past 8 years to 40%, Mallory Park has been unable to reach an agreement with the landowner to secure a long-term plan of action.

Administrator, Ian Robert of Kingston Smith & Partners LLP offered some hope that racing may continue at Mallory Park: “I will be negotiating with the landlord and the council, with the support of the BARC, to ensure that racing can be enjoyed at Mallory Park for years to come. Although it is early days, I am hopeful that, once a solution to the lease is found, all of the company‚Äôs creditors should receive a substantial dividend, which I understand is very much the driving force behind the continued support of the BARC.”

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