A sad day if it happens, which looks increasingly likely.....
South Africa's Kyalami F1 track to be sold | SBS News
South Africa's Kyalami F1 track to be sold | SBS News
Kylami Gone?
- Thread starter Keith1
- Start date
Seems like good news, Kyalami just bought by Porsche SA (represented by Toby Venter). Word is they want to keep it as a race track.
Press releases below
Cheers
Fred W B
Kyalami update: Toby tells his story
KYALAMI IS SAVED! F1 driver Alain Prost at the South African GP at Kyalami on October 15 1983.
Porsche MD Toby Venter saved the day when he bought the racetrack for R205-million at auction on July 24 2014. Image: AFP / LEHTIKUVA
JOHANNESBURG, Gauteng - The world-famous Kyalami racetrack has been sold for R205-million at the High Street Auction to Porsche South Africa and its MD Toby Venter - who spoke directly to Wheels24 with his story.
Porsche South Africa spokesperson Christo Kruger told Wheels24 moments before the gavel fell: "Yes, Toby Venter's Porsche South Africa has bought Kyalami."
Venter, an avid racing driver too, paid R205-million for the encumbrance-free land - and the race track.
SA MOTORSPORT'S NEW HERO
Venter told Wheels24: "Kyalami is saved and that was the main reason I bought it, and yes for SA Motorsport too. It would have been a tragedy if the racetrack was lost. We all have a role to play and every single motorsport enthusiast needs to know the track is saved.
"We'll be integrating some of Porsche SA's business units with the racetrack, but other manufacturers are most welcome too."
Venter said that Porsche South Africa was the sole buyer of the track and that the goal is to "preserve Kyalami as a racetrack for as long as possible".
He said: "It's just a huge privilege to have been able to make this purchase and a great day that the track has been saved."
According to Motoring journalist and motorsport enthusiast Roger McCleery, who was at the auction, there were 10 bidders -seven motorsport-related people and three property developers.
R4-MILLION DEPOSIT
McCleery said: "Kyalami bidders had to put down R4-million to be able to bid. A revised reserve price of R200-million had been set."
The High Street Auction Co, responsible for the sale, claimed it was the first race track to be auctioned in South Africa.
Earlier in July Wheels24 reported that attempts to halt the action were in vain when a court gave the go-ahead for the sale. According to court papers, 11 applicants who claimed rights over the land applied to have the auction halted.
In terms of the court ruling these "claims and onerous obligations" were either waived by agreement or abandoned.
The Kyalami property covers about 35ha. It opened as a race track in 1961 and was rebuilt in the early 1990's as part of a commercial development but changed again after Formula 1 abandoned the rebuilt circuit in 1993.
One of the most famous races held at Kyalami was the 1977 South African Formula 1 GP in which race marshal Frederick Jansen van Vuuren and driver Tom Pryce were killed.
The historic Kyalami race track may remain as a beacon of the motor industry as it was bought by Porsche South Africa for R205million on Thursday afternoon.
Lance Chalwin-Milton, Joint MD at High Street Auctions said because of this buyer it is likely that the property would “remain in the industry.”
He added that the successful bidder will indeed have bought a piece of South African and international motor racing history.
The iconic track situated in Midrand was sold for well above the reserve which sat at R129million. The massive bid that went past the set reserve price was made by a telephonic bidder.
It appears to be the highest auction on a single lot in South Africa.
No commission will be made off the sale of the race track as it was sold under liquidation.
The Kyalami circuit first opened in 1961 and played host to the first South African Grand Prix in 1967 where Mexican Pedro Rodriguez won after South African John Love nearly won but had fuel problems late into the race.
One of the most famous races held at Kyalami was the 1977 South African Grand Prix, remembered for the fatal accident that claimed the lives of race marshal Frederick Jansen van Vuuren and driver Tom Pryce.
The most recent event was the Superbike championship in 2010.
Political sanctions caused the shutdown of the Grand Prix following the 1985 race. It was rebuilt in the early 1990s as part of a commercial development and changed again after Formula One abandoned the rebuilt circuit in 1993.
Press releases below
Cheers
Fred W B
Kyalami update: Toby tells his story
KYALAMI IS SAVED! F1 driver Alain Prost at the South African GP at Kyalami on October 15 1983.
Porsche MD Toby Venter saved the day when he bought the racetrack for R205-million at auction on July 24 2014. Image: AFP / LEHTIKUVA
JOHANNESBURG, Gauteng - The world-famous Kyalami racetrack has been sold for R205-million at the High Street Auction to Porsche South Africa and its MD Toby Venter - who spoke directly to Wheels24 with his story.
Porsche South Africa spokesperson Christo Kruger told Wheels24 moments before the gavel fell: "Yes, Toby Venter's Porsche South Africa has bought Kyalami."
Venter, an avid racing driver too, paid R205-million for the encumbrance-free land - and the race track.
SA MOTORSPORT'S NEW HERO
Venter told Wheels24: "Kyalami is saved and that was the main reason I bought it, and yes for SA Motorsport too. It would have been a tragedy if the racetrack was lost. We all have a role to play and every single motorsport enthusiast needs to know the track is saved.
"We'll be integrating some of Porsche SA's business units with the racetrack, but other manufacturers are most welcome too."
Venter said that Porsche South Africa was the sole buyer of the track and that the goal is to "preserve Kyalami as a racetrack for as long as possible".
He said: "It's just a huge privilege to have been able to make this purchase and a great day that the track has been saved."
According to Motoring journalist and motorsport enthusiast Roger McCleery, who was at the auction, there were 10 bidders -seven motorsport-related people and three property developers.
R4-MILLION DEPOSIT
McCleery said: "Kyalami bidders had to put down R4-million to be able to bid. A revised reserve price of R200-million had been set."
The High Street Auction Co, responsible for the sale, claimed it was the first race track to be auctioned in South Africa.
Earlier in July Wheels24 reported that attempts to halt the action were in vain when a court gave the go-ahead for the sale. According to court papers, 11 applicants who claimed rights over the land applied to have the auction halted.
In terms of the court ruling these "claims and onerous obligations" were either waived by agreement or abandoned.
The Kyalami property covers about 35ha. It opened as a race track in 1961 and was rebuilt in the early 1990's as part of a commercial development but changed again after Formula 1 abandoned the rebuilt circuit in 1993.
One of the most famous races held at Kyalami was the 1977 South African Formula 1 GP in which race marshal Frederick Jansen van Vuuren and driver Tom Pryce were killed.
The historic Kyalami race track may remain as a beacon of the motor industry as it was bought by Porsche South Africa for R205million on Thursday afternoon.
Lance Chalwin-Milton, Joint MD at High Street Auctions said because of this buyer it is likely that the property would “remain in the industry.”
He added that the successful bidder will indeed have bought a piece of South African and international motor racing history.
The iconic track situated in Midrand was sold for well above the reserve which sat at R129million. The massive bid that went past the set reserve price was made by a telephonic bidder.
It appears to be the highest auction on a single lot in South Africa.
No commission will be made off the sale of the race track as it was sold under liquidation.
The Kyalami circuit first opened in 1961 and played host to the first South African Grand Prix in 1967 where Mexican Pedro Rodriguez won after South African John Love nearly won but had fuel problems late into the race.
One of the most famous races held at Kyalami was the 1977 South African Grand Prix, remembered for the fatal accident that claimed the lives of race marshal Frederick Jansen van Vuuren and driver Tom Pryce.
The most recent event was the Superbike championship in 2010.
Political sanctions caused the shutdown of the Grand Prix following the 1985 race. It was rebuilt in the early 1990s as part of a commercial development and changed again after Formula One abandoned the rebuilt circuit in 1993.
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Charlie Farley
Supporter
My two favourite sports, International Football & F1 perverted my bloody midget hitler wanabees....
Let' s restart the production of Cyclon - B.
Do us all a favour.
What the hell, Formula 1 waylaying waste to all the famous European tracks...
Monza, N Ring, trying to shut Spa.
We don't need the ' New Money ' ( spelt O....I....L and allegedly Fat Brown Envelopes ). Our taxes should be spent doing the intelligence donkeywork
and raping them in courts of law.
Let these ' so called interested parties 'do the hard work, build a circuit and put the f*cking work in earning some history... not buying the privilege.
Their recent experience riding camels will do no harm...
:lipsrsealed:
Let' s restart the production of Cyclon - B.
Do us all a favour.
What the hell, Formula 1 waylaying waste to all the famous European tracks...
Monza, N Ring, trying to shut Spa.
We don't need the ' New Money ' ( spelt O....I....L and allegedly Fat Brown Envelopes ). Our taxes should be spent doing the intelligence donkeywork
and raping them in courts of law.
Let these ' so called interested parties 'do the hard work, build a circuit and put the f*cking work in earning some history... not buying the privilege.
Their recent experience riding camels will do no harm...
:lipsrsealed:
1969 9 hour on 08th November.
The Grey Mirage Ford (left front in above picture) was driven by Mike Hailwood and Peter Gethin. Car lost time with electrical problems (water ingress due to thunder storms) and then retired with clutch problems with 2 hours to go.
The GT 40 (No 8) was driven by Malcolm Guthrie and Paddy Driver, the latter didn't get any track time in the race. Car retired early after a collision with the Porter/Mortimer 1300cc Renault Gordini.
Race was won by David Piper and Richard Attwood in an early 917 Piper had bought for 14500 UKP. Entry list included 4 Lola T70s, a Ferrari 330, 2 Porsch 908's and 2 Matra M650 V12s, although neither Matra started. One of the Matra drivers was Henri Pescarolo. Brian Redman and Jo Bonnier were in 2 of the Lolas.
The Porter/Mortimer 1300cc Renault Gordini recovered from the incident to eventually finish 4th overall, after keeping up an excellent pace in the rain that slowed the bigger cars, several of which also suffered various problems.
In a bizzare incident a spectator killed himself by running out in front of one of the Porsch 908's, the collision ending that cars race. The other 908 (HD Dechent/G Koch) finished 3rd, and a Lola (M de Udy/F Gardner) was second.
Above according to "Sunset on Kyalami" by Kegel and Bennet
Cheers
Fred W B
P.S - I'm guessing Charlie posted on the wrong thread.....?
The Grey Mirage Ford (left front in above picture) was driven by Mike Hailwood and Peter Gethin. Car lost time with electrical problems (water ingress due to thunder storms) and then retired with clutch problems with 2 hours to go.
The GT 40 (No 8) was driven by Malcolm Guthrie and Paddy Driver, the latter didn't get any track time in the race. Car retired early after a collision with the Porter/Mortimer 1300cc Renault Gordini.
Race was won by David Piper and Richard Attwood in an early 917 Piper had bought for 14500 UKP. Entry list included 4 Lola T70s, a Ferrari 330, 2 Porsch 908's and 2 Matra M650 V12s, although neither Matra started. One of the Matra drivers was Henri Pescarolo. Brian Redman and Jo Bonnier were in 2 of the Lolas.
The Porter/Mortimer 1300cc Renault Gordini recovered from the incident to eventually finish 4th overall, after keeping up an excellent pace in the rain that slowed the bigger cars, several of which also suffered various problems.
In a bizzare incident a spectator killed himself by running out in front of one of the Porsch 908's, the collision ending that cars race. The other 908 (HD Dechent/G Koch) finished 3rd, and a Lola (M de Udy/F Gardner) was second.
Above according to "Sunset on Kyalami" by Kegel and Bennet
Cheers
Fred W B
P.S - I'm guessing Charlie posted on the wrong thread.....?
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