Mallory Park owner Chris Meek is rumoured to be in talks with a large developer to sell the circuit for £8m for a 2200-home development should discussion with residents over noise restrictions fall through.
A handful of recently-retired people in nearby Kirkby Mallory have complained to Hinckley & Bosworth District Council about the amount of noise the circuit makes.
And a compromise set out by the authority would restrict the circuit's active days to a degree where it would not be financially viable to operate. There is a meeting tomorrow evening in order to try and hammer out a way for the circuit to operate.
David Wilson Homes, owned by Barratt, had been linked to the sale but a spokesman for the firm this afternon categorically denied any involvement.