FEBRUARY 11, 2003
More layoffs at Silverstone
There have been more lay-offs at Silverstone, the latest group of 20 including circuit director Brian Pallett. This will bring the staff at Silverstone down to under 40 people. This has been caused by the poor results achieved by Octagon Motorsport which owns a lease to run the circuit. It has been strongly rumoured for several months that Octagon is about to be bought by Bernie Ecclestone but this deal seems to have gone quiet in recent days and there are now fears that the British GP may be in doubt because of the Octagon financial situation.