The administrator for Mallory Park (Motorsport) Limited has described the latest talks regarding the future of Mallory Park race track in Leicestershire as 'positive', but also confirmed that a third of the staff at the track have been made redundant.
We are continuing to have positive discussions with the Council and the landlord, which we hope will pave the way for a company to be able to operate the race track as a viable business.
We are in discussions with several interested parties about the sale of Mallory Park (Motorsport) Limited). In the meantime, with very reduced trading and limited income, as administrators we have had to take steps to reduce on-going costs.
Unfortunately, as a result, we very sadly had to make four out of the six staff at Mallory Park (Motorsport) Limited redundant yesterday. We have been able to keep a skeleton staff of two on site to ensure continued access and that non-track activities can take place as timetabled.
We hope to find a successful resolution soon so that Mallory Park can see racing again in the future.
– Ian Robert, Administrator of Mallory Park (Motorsport) Limited
This is a sad day for racing at Mallory Park and indeed for the local community.
As Mallory Park Motorsport Ltd (MPML) has acknowledged, we have been working constructively over the last few weeks and were very close to securing what both parties needed to achieve a viable longer term recovery plan.
As it stands, that has not been achieved because of the position taken by the landowner. However, we share the optimism of the Administrator that a resolution can still be secured and are committed to work to that end over the next few days.
– Steve Atkinson, Chief Executive, Hinckley & Bosworth Borough Council
The administrator, Ian Robert said: “I will be working with all the stakeholders to ensure that Mallory Park will see racing again. I hope the administration process can assist in finding a solution which will be beneficial to all parties concerned.”