- Hans Weber
- December 1, 2023
Masaryk Circuit in Brno Acquired by Entrepreneur Karel Hubáček with Plans for Development
The iconic Masaryk Circuit in Brno, renowned for its motorsports history, has found a new owner in entrepreneur and investor Karel Hubáček. His company, Shakai, has acquired the entire area, including the race track, polygon, and the Grid hotel. The acquisition was made from A.B.R. Holding and Karel Abraham, who held ownership of the circuit since 2005. While the transaction amount remains undisclosed, Hubáček is optimistic that his ownership will breathe new life into the development of the Brno automotodrom, and he has affirmed that existing activities and leases will remain unaffected.
The Masaryk Circuit continues to attract motorsports enthusiasts, even though it is no longer part of the World Motorcycle Championship. Hubáček has ambitious plans to develop activities in the polygon, enhance corporate events, and create opportunities for the public. His previous experience in strategic investments, including owning the former Vítkovice Heavy Machinery race track in Ostrava and collaborating with Accolade on industrial park investments, positions him well to steer the circuit’s future growth.
The acquisition process spanned several months, culminating in Hubáček gaining control of not just the circuit but also the companies operating within its premises. Ivana Ulmanová, Chairwoman of the Board of Directors, expressed her satisfaction that Hubáček, with his motorsports background, recognizes the value of the Masaryk Circuit as a symbol of Brno and the Czech Republic’s motorsports legacy.
On the transportation front, construction workers have commenced the expansion of the risky section of the D1 highway near Brno. This development project aims to enhance road safety on a stretch notorious for numerous accidents in the past. The initiative involves constructing a new tunnel and expanding the highway to three lanes in both directions. By improving traffic flow and reducing accidents, the project is expected to be a significant boon for drivers, easing frequent traffic jams and improving the transportation of goods and services between Brno and other regions.
The highway expansion project is underway with a consortium of companies led by Metrostav and Hochtief. Estimated to cost over 14 billion CZK, the project is slated for completion in 2023. Drivers and businesses alike eagerly await the positive impact that this development will bring to the region’s economy and road safety standards.
Article by Prague Forum