Qatar denies Silverstone lease reports

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Silverstone's new Pit, Paddock and Conference Complex
Silverstone's new Pit, Paddock and Conference Complex

Photo by: xpb.cc

Reports that Qatar is the likely buyer of the $400m lease of British Grand Prix venue Silverstone have been denied.

A British newspaper this week said the Arab emirate's sovereign wealth fund is in exclusive talks for the 150-year lease with track owner The British Racing Drivers' Club.

But the Gulf Times said the Qatar Investment Authority rejected the "authenticity of press reports ... that it is a close to a deal" over Silverstone.

And an official source told the Qatar News Agency that there are "no relevant negotiations, currently nor in the past, in this respect".

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Series Formula 1
Tags quatar, silverstone