FORMULA ONE: Fans will pay for Formula One's move to Donington

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Simon Gillett, the track's chief executive officer, insisted there was no mystery benefactor funding the majority of the £100million planned rebuild of the East Midlands circuit in time for its first staging of the race in 2010.

Race is on: British Grand Prix is moving to Donington Park

Instead, Donington will be financed in the same way as the new Wembley Stadium, using a debenture scheme promoted by outside parties, including a leading British bank and a global leader in sports international development, a subsidiary of a major sports marketing and management agency, who are funding 14 other similar projects.

While the Silverstone paddock was still reeling following Friday's news that the famous old circuit had lost its prestigious race to Donington Park, the talk turned to who was putting up all the money. It was believed to be an individual benefactor, and F1 supremo Bernie Ecclestone felt fit to publicly deny it is him.

On Track: Donington Park takes over in 2010

Other talk was of a wealthy Emirates sheikh. The truth is that the £30m Gillett insists Donington needs to redevelop the circuit and stage the race will be raised following the Wembley model.

The other £70m is for the perimeter extras, such as a hotel and a shopping mall, which, Gillett says, will be funded by the outlets.

'We're following almost exactly the same model that succeeded with Wembley Stadium,' said Gillett. 'That probably includes the prices of the debentures. For example, a Club membership at Wembley costs £6,000 for a one-off licence and a Corinthian membership £20,000, with an annual season ticket. We'll be producing a similar scheme and getting to work selling the debentures in the next few weeks.'