The Rhineland-Palatinate-owned track was denied a 13m euro aid package, which would have secured the Nürburgring for a further six months
20 July 2012

The famous Nürburgring race track (or the ‘Green Hell') will file for bankruptcy, it has been confirmed. The Rhineland-Palatinate-owned track was denied a €13-million aid package, which would have secured the Nürburgring for a further six months.

A report from the German newspaper Rhein-Zeitung revealed that the operating company has debts of €413m, including a €330m Investitions und Strukturbank (ISB) loan as well as €83m in other loans.

The Nürburgring has been plagued with debt and loss-making for a number of years, most notably in 2004 when the state chose to expand the Nürburgring's complex with a €215m investment. Included in the plans were a leisure and business centre with amusement park and hotel complex, which has proven a commercial failure.

Since 2007, the German grand prix has been held at the Nürburgring biannually with the Hockenheimring. The forthcoming 2013 Nürburgring race is therefore an uncertainty.

The Nürburgring track was opened in 1927 after the 1920s ADAC Eifelrennen – which were held on public roads in the Eifel mountains – were deemed dangerous and impractical.

Nürburg mayor Reinhold Schüssler said: “The whole of Nürburg lives off the ring. Now the region itself might go down the drain."

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Comments
35

R32

20 July 2012

Here's hoping a big manufacturer might buy it and make something more of it - BMW or Mercedes-Benz?  Maybe VW Group would want it too.  Be handy for them to have a racetrack at it's disposal given their portfolio of high-performance brands.

20 July 2012

R32 wrote:

Here's hoping a big manufacturer might buy it and make something more of it - BMW or Mercedes-Benz?  Maybe VW Group would want it too.  Be handy for them to have a racetrack at it's disposal given their portfolio of high-performance brands.

 

VW already has its own test track somewhere near the former East German border. I seem to remember it was chosen because it was under a no fly zone. It's the same place James May hit over 250mph in a Veyron on Top Gear.

 

 

R32

21 July 2012

Lee23404 wrote:

R32 wrote:

Here's hoping a big manufacturer might buy it and make something more of it - BMW or Mercedes-Benz?  Maybe VW Group would want it too.  Be handy for them to have a racetrack at it's disposal given their portfolio of high-performance brands.

VW already has its own test track somewhere near the former East German border. I seem to remember it was chosen because it was under a no fly zone. It's the same place James May hit over 250mph in a Veyron on Top Gear.

Yes that's the Ehra-Lessien test track which I'm aware of but it's not a racing circuit like the Nurburgring is.

11 February 2013

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20 July 2012

Arse.

Bring back steel wheels.

20 July 2012

Wonder how much it would be up for sale for?  I'd have to put off redoing the bathroom again, though.

20 July 2012

Both Michael Schumacher and Sebastian Vettel have said that the 'Ring is "extremely important to Germany's motorsport heritage", so why don't they both take an active role in helping save it from going out of existance?

20 July 2012

I reckon that's a loss of about €31million per mile of the 'ring.  Even my local council would have trouble spending that per mile!

 

 

 

20 July 2012

One silver lining is that perhaps the makers of fast cars might design them to be good on public roads instead of a race track.

20 July 2012

It is a road.

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