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Jaguar Land Rover (JLR) is reportedly looking to buy the Silverstone racing circuit in the UK. Currently owned and operated by the British Racing Drivers’ Club (BRDC), the popular race track is said to be valued at 23 million pounds (RM146 million).

As reported by Coventry Telegraph, JLR has big plans for the historic circuit. Apparently, the company wants to build a five-star hotel, a brand heritage centre, a museum and more at the venue. Reports suggests that it also plans to move up to 1,000 of its sales and marketing staff and 700 engineers to new offices there.

Should the Tata Motors-owned company acquire the circuit, it is reported that JLR wouldn’t deter the venue’s current status as the home of British motorsport. All Formula 1, Moto GP, BTCC and other racing events will still be hosted at the historic racing circuit that has been the venue for the British Grand Prix since 1948.

However, a source close to JLR revealed that, “they (JLR) have been trying to buy Silverstone for a while now. Talks are still ongoing and the deal isn’t sealed yet. They are interested in it for testing cars and the motorsport side.”

A JLR spokesperson refused to provide further details to Coventry Telegraph, saying, “Jaguar Land Rover continually looks to invest and grow its business operations in the UK. We constantly evaluate a wide range of opportunities which are confidential. We have no further comment to make on this matter.”