GPUpdate11:48am 30 July 2014
South Africa’s Kyalami circuit, which hosted F1 for almost two decades, has been bought by Porsche.
The 72-hectare property, featuring the 4.26-km track, was put up for sale during an auction in Johannesburg last week, with Porsche South Africa’s bid of 205 million rand (11.4 million pounds) enough to secure ownership.
After completing the process, Porsche made it clear that the venue, which last welcomed an international category in the form of the World Superbike Championship in 2010, will remain open to racing in the future.
“The most important thing is that Kyalami has been saved for racing and we’ll continue to operate it as a race track,” explained Toby Venter, who is in charge of the German manufacturer’s South African arm.
Kyalami staged Formula 1 races from 1967 to 1985, before it was boycotted because of the former apartheid regime. It made a brief return for 1992 and 1993, but fell again after the bankruptcy of a major sponsor.
6:16am 13 April 2015
| Autosport | 0 |
Lewis hamilton and mercedes reasserted their authority over formula 1 with a commanding chinese grand prix victory. nico rosberg had… More >
1:41pm 12 April 2015
| Autosport | 0 |
Lewis hamilton fended off mercedes formula 1 team-mate nico rosberg by less than half a tenth of a second… More >
3:34pm 11 April 2015
| Stuff.co.nz | 0 |
A spectator who ran across the track in front of speeding formula one cars during friday’s chinese grand prix… More >
7:59pm 10 April 2015
| Autosport | 0 |
Lewis hamilton led a chinese grand prix formula 1 practice session punctuated by a high-speed incident for felipe massa,… More >
9:25am 10 April 2015
| WTF1 | 0 |
There’s been no shortage of motorsport themed movies recently and now another one is in the pipeline, a biopic… More >
3:12pm 31 March 2015
| Autosport | 0 |
Mercedes formula 1 boss toto wolff says sebastian vettel’s victory for ferrari in the malaysian grand prix was a… More >
Loading ...
