Jaguar has reportedly canned its plans to lease or buy England’s historic Silverstone circuit. The luxury car company had been in talks to lease the racertrack earlier this year; its plans included a heritage center, perhaps along the lines of Mercedes-Benz World at Brooklands, plus offices and a hotel.

Racing at Silverstone got its start on the perimeter roads of an old WWII RAF base; over the decades, it has played host to driving legends from Juan Manuel Fangio to Ayrton Senna. It is located in a region that is a hotbed of racing development. The Jaguar F1 effort was based in nearby Milton Keynes; Red Bull’s F1 development center operates there today.

Jaguar’s decision doesn’t help the British Racing Drivers’ Club, which owns the circuit, climb out of its precarious financial situation, and the future of Silverstone’s F1 race -- and the circuit itself -- remains uncertain.

Missed payments jeopardized the 2016 race, but it was ultimately run, and a Silverstone grand prix remains on the 2017 F1 schedule. In an Autosport report, the circuit’s owners claim a “substantial overseas investor” has expressed an interest in the business. Until that source of funding materializes, however, British race fans will have to sit tight.

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