OCTOBER 4, 1999
Brands Hatch makes a big profit
BHL chief executive Nicola Foulston created headlines by saying that the group is going to invest abroad and this was interpreted as being a threat to move the British GP abroad. These crazy rumors have been rejected as Foulston does not own the rights to the name "British Grand Prix" and the Motorsport Association (MSA) has no reason to support a British GP abroad.
BHL says that it is planning to develop new race tracks in Asia, Latin America and Africa and speculation has also linked the company with the possible purchase of Estoril. Other likely targets are Interlagos (which is being sold by the Sao Paulo city council), Kyalami and Zhuhai. Owning a number of race tracks should increase BHL profits and give Foulston a better bargaining position with race authorities.