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Silverstone suspends three directors including Phillips
Silverstone Circuits has suspended three high level directors including managing director Richard Phillips, with some sources suggesting they were escorted from the premises. Along with Phillips, finance director Ed Brookes and legal and estates director David Thomson have also been placed on leave with full pay. The sudden change could suggest problems at the Northamptonshire based circuit, with suggestions it is in financial trouble after failing to find a buyer, whilst spending has accelerated faster than income partly thanks to 'The Wing' and new 'Arena' layout. A statement from chairman John Grant described the changes as a restructuring of the organisation to increase profitability,...
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12y ago from TheF1Times.com
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