Augustine arrived this week as the deadline for bids for the four UK tracks – which includes Brands Hatch, Snetterton, Cadwell Park and Oulton Park – expired yesterday, and amid news that Mark Dowley, head of IPSEG, has confirmed he is leaving to join a US talent agency.
Augustine will select the ‘preferred bidders’ for the motorsport circuits who will be notified after October 8 to progress to the final stages of the selection process.
It is believed more than 70 expressions of interest were received for the tracks, with that figure whittled down to around 20. After October 8, that number will be whittled down to just a handful of ‘credible’ candidates.
The package of tracks are valued at around £50m ($83.2m/EUR71.20m).
Last week, sportbusiness.com
