New name for Octagon UK as sell-off looms

Troubled Octagon Motorsports UK has rebranded as Brands Hatch Circuits Limited (BHCL) as it awaits the outcome of its sale.

The news follows the promotion in April of sales and marketing director Andrew Waller to managing director. "Brands Hatch is synonymous with British motor-sport. This decision presents an opportunity to demarcate the offerings of Octagon Group and BHCL," he said.

BHCL owns four UK racing circuits - Brands Hatch, Cadwell Park, Oulton Park and Snetterton - and the 15-year lease to run the British Grand Prix at Silverstone.

Parent Interpublic Group is looking at exit strategies from its UK motorsport businesses (Event, April).

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