Is the Nurburgring about to go bankrupt?
It is with great sadness that we have to share news that the European Union denied allowing the state of Rhineland-Palatinate giving financial aid to the crisis-shaken circuit located in the German Eifel region. Bankruptcy is thus almost unavoidable, meaning that the legendary 22.810 meters of tarmac known as the Nordschleife will probably be sold just like it’s brethren known as the Nürburgring circuit.
The owner of the track, the Nürburgring GmbH which is subsequently owned by the state of Rhineland-Palatinate, would need more than 10 million Euros to survive but because of the EU decision it’s not allowed to receive any funds from it’s owner nor is the state allowed to defer any of the 330 plus million Euros the state had previously granted to the company through credits which were given through state owned banks to the Nürburgring GmbH. An investigation about more than 500 million Euros of unapproved financial aid is still ongoing and surely played it’s part in this decision as well.
Currently it’s planned to run the upcoming season as planned but everything thereafter will strongly depend on the liquidator and if the track is being sold as a whole or split up. Ironically, the principal creditor of the operating company is the state itself.
A taman smo trebali da vidimo vreme Astre OPC

