The Masaryk Circuit has been acquired by SHAKAI, a company led by the entrepreneur Karel Hubáček

The Masaryk Circuit, including the race track, polygon, and GRID hotel, has been taken over by a new owner. The SHAKAI company, led by entrepreneur and investor Karel Hubáček, plans to maintain the current activities in the area and further develop it. Karel Hubáček bought the area including lands from the A.B.R. HOLDING a.s. company and Karel Abraham, who had been in control of the area since 2005. The entrepreneurs did not disclose the amount of the transaction.

”I believe that our arrival will give the Masaryk Circuit area a new impulse in its further development,” says Karel Hubáček, reassuring that the daily operation of the circuit remains unchanged: “Scheduled and announced events and rentals are of course valid. Our goal is to further develop activities on the polygon, strengthen the corporate events segment, and continue to create opportunities for the circuit to open to the public – and not just the motorist public.”

Karel Hubáček has extensive experience with strategic investments. He is the owner of the former Vítkovice Heavy Machinery factory area in Ostrava. In business, he focuses, among other things, on investment opportunities in the field of industrial parks and areas in cooperation with the Accolade company. He has a long-term collaboration with the CREDITAS group, which belongs to his cousin, the billionaire Pavel Hubáček.

“I’m glad that Karel Hubáček has a relationship with motorsport and at the same time recognizes the value that the Masaryk Circuit represents. Not only in terms of assets but also as a symbol of Brno and the automotive history of the entire Czech Republic,” said Ivana Ulmanová, Chair of the Board.

The acquisition of the area by Karel Hubáček is the result of a several-month process. The new owner currently controls the entire area, including the companies operating on the grounds of the Masaryk Circuit. “We must thank Karel Abraham, who has operated the circuit for almost twenty years and has guided it through many crises,” said Karel Hubáček.

“With Karel Hubáček, a strong investor enters the area who has a vision of how to develop it,” commented the previous owner of the Masaryk Circuit. “Since 2016, we have focused on developing other activities in the area, whether it was a hotel or a polygon. Today, these represent a significant part of its life. I believe that the circuit will continue to develop in the set direction, and at the same time remain one of the most prestigious race tracks in Central Europe,” Abraham added.