Silverstone, the historic Northamptonshire race track and home of F1 in the UK, has been sold, according to reports in the national press.
According to The Independent, the alleged sale raises the prospect of a new business and technology park being developed at the world famous circuit.
The newspaper says the identity of the buyer is unknown, but is believed to be a real estate firm.
The deal will not be announced until next month, The Independent says.
It says mystery buyer of Silverstone, which is also home to the Formula One British Grand Prix, is “believed to be a real estate firm”.
A sale would come aas no suprise to racing fans as, for the past few years, the BRDC has been trying to sell a 150-year lease on the track and 850 acres of land surrounding it.
Earlier this year, the owners of the track refused to confirm or deny reports the south Northamptonshire race track could be sold to a property group owned by BT’s pension fund.
It was reported that business and science park developer, MEPC, was close to securing a £40 million deal to buy the track.
It was believed the deal would see the circuit leased back to Silverstone’s owner, the British Racing Drivers’ Club (BRDC), which would use funds from the sale to invest in the running of the circuit.
At the time, a spokesman for Silverstone said discussions with potential investors, which have been ongoing for some time, are progressing, but refused to confirm whether any sale was imminent.
He said: “Further to previous statements, the BRDC can confirm that it remains in discussion with parties interested in investing in Silverstone. Those discussions are progressing.
“Under the terms of non-disclosure agreements the BRDC is not able to comment on any details or speculation surrounding potential investors.”
As far back as 2011, it was suggested the Qatar Investment Authority, which owns Harrods, was in talks with the BRDC about taking on a 150-year lease on the circuit.
It was suggested the move would have helped fund long standing plans to create new facilities at the circuit, including three new hotels, a museum of motorsport, a kart track and an outdoor stage.
The Formula 1 British Grand Prix was held at Silverstone on Sunday, June 30.