The new operators of Mallory Park race circuit in Leicestershire say today is a "great day."
Stuart Hicken and Eddie Roberts, both well known in the motorcycle racing world, have formed Real Motorsport Limited which will run the track activities after Mallory Park Motorsport Limited went into liquidation.
Stuart and Eddie released a statement to ITV News Central and said: ‘This is a great day for us both. We have grown up with Mallory Park, firstly as spectators, then as competitors and now running businesses associated with the sport’.
Administrator Ian Robert, said: “It is likely that this process will lead to the landlord resuming control of the site and thus the future of Mallory Park and any further racing there will be in his hands.”
It is anticipated the company will be placed into liquidation by 29 November.
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