# Nurburgring is in trouble. **URL:** \ **Category:** Shift518 Automotive\ **Created:** [July 17, 2012, 9:29pm UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423 "2012-07-17T21:29:34Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [July 17, 2012, 9:29pm UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/1 "2012-07-17T21:29:34Z")
> Is THE NURBURGRING ABOUT TO GO BANKRUPT? > ![http://images.pistonheads.com/nimg/26033/Ring24_Blogging_19.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/2/4/24a6eceea7731c5009cbe100c392f8f909d9c06f.jpeg) > The Nurburgring looks likely to go into administration after the European Commission ruled that a planned 13 million euro German government bailout constituted illegal state aid. > This judgement, along with a refusal to allow the Nurburgring’s holding company to defer interest payments on the 330 million euros it already has on loan from a state-owned investment bank will inevitably tip the track into bankruptcy. > According to German regional newspaper [**Rhein-Zeitung**](http://www.rhein-zeitung.de/regionales_artikel,-EU-lehnt-Hilfe-ab-Nuerburgring-GmbH-geht-pleite-_arid,453923.html), this means that the state government is no longer in control of the 'ring and thus the holding company will have no choice but to enter receivership. On top of the ongoing investigation into the suspected 524 million euros of ‘unauthorised’ aid, this casts serious doubt on the future of the iconic racetrack. > The paper does suggest, however, that the current racing season will continue as planned. What happens after that is far less certain. > The 2013 German GP, scheduled to be held at the Nurburgring’s GP circuit, could even move to Hockenheim. Speaking to German motorsport blog [**Speedweek.de**](http://www.speedweek.de/Formel1/news/26875/Nuerburgring-insolvent.html), Hockenheim boss Georg Seiler said (and please excuse our clunky Google translation): “We currently have no request to host the Grand Prix Germany in 2013, but I do see the possibility that F1 will come back every year to Hockenheim.” > Source: > [Is the Nurburgring about to go bankrupt? - PistonHeads UK](http://www.pistonheads.com/news/default.asp?storyId=26033) Let’s hope EU can get their act together and 'Ring can get it’s finances straight. ---
**Author:** ![slwrthnu](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slwrthnu/32/6296_2.png) [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)\ **Post date:** [July 17, 2012, 11:25pm UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/2 "2012-07-17T23:25:01Z")
from what i read somewhere else it isn’t really the ring that is in trouble but the people who currently lease it, who are the ones that ran it to shit, and that if it goes bankrupt that it would go back to state owned. idk how much truth there is to that and no i don’t have a source. ---
**Author:** ![DRock518](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drock518/32/6363_2.png) [@DRock518](https://forums.speedlife.net/u/DRock518)\ **Post date:** [July 18, 2012, 3:02am UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/3 "2012-07-18T03:02:13Z")
God if I was a billionaire Id own it! ---
**Author:** ![weirdchris555](https://avatars.discourse-cdn.com/v4/letter/w/51bf81/32.png) [@weirdchris555](https://forums.speedlife.net/u/weirdchris555)\ **Post date:** [July 18, 2012, 3:48am UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/4 "2012-07-18T03:48:25Z")
Check out Save the Ring on facebook. This has been ongoing for about the last 3 to 4 years. I believe I read too it wil go back to state owned. Currently I think its leased out to a branch of Disney? Don’t quote me on that though. Sent from my SCH-I405 using Tapatalk 2 ---
**Author:** ![usmc2801](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/usmc2801/32/6387_2.png) [@usmc2801](https://forums.speedlife.net/u/usmc2801)\ **Post date:** [July 18, 2012, 4:34am UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/5 "2012-07-18T04:34:49Z")
Nurburgring GMbH is the current holding company. [http://en.espnf1.com/germany/motorsport/story/84337.html](http://en.espnf1.com/germany/motorsport/story/84337.html) The future of the Nurburgring is in doubt after the circuit owners were denied a €13 million subsidy from the European Commission. Reports in the German media claim that the circuit’s holding company - Nurburgring GMbH - is now on the brink of administration. Nurburgring GMbH owes the Rhineland Palatinate state bank over €300m as a result of the redevelopment of the circuit in 2009 but Ernst & Young have valued the facility at just €126m. Should the company go in to administration, then the administrators would become responsible for all existing contracts - including the German Grand Prix which it hosts alternately with Hockenheim. Previously, Hockenheim has said that it could not permanently host the race, but managing director Georg Seiler has said that the circuit is now in a position to do so if required. “At present there is no request,” Seiler told _Auto Motor und Sport_. “But if there is one, I do see a possibility that F1 comes back every year at Hockenheim. But then everything would have to agree: the cost side, the contract, the policy and much more. I do not know if this is all so easy to fulfil. Still, we would be happy if we would continue the alternation.” ---
**Author:** ![RocketPunch](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rocketpunch/32/6429_2.png) [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)\ **Post date:** [July 18, 2012, 7:26am UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/6 "2012-07-18T07:26:24Z")
> The Nurburgring looks likely to go into administration after the European Commission ruled that a planned 13 million euro German government bailout constituted illegal state aid. > This judgement, along with a refusal to allow the Nurburgring’s holding company to defer interest payments on the 330 million euros it already has on loan from a state-owned investment bank will inevitably tip the track into bankruptcy. > Reports in the German media claim that the circuit’s holding company - Nurburgring GMbH - is now on the brink of administration. Nurburgring GMbH owes the Rhineland Palatinate state bank over €300m as a result of the redevelopment of the circuit in 2009 but Ernst & Young have valued the facility at just €126m. This is exactly what happens when use the money that you don’t have and turn a racing circuit into Disneyland that one one goes. ---
**Author:** ![slwrthnu](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slwrthnu/32/6296_2.png) [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)\ **Post date:** [July 18, 2012, 1:39pm UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/7 "2012-07-18T13:39:05Z")
yea the people that currently own it are morons. ---
**Author:** ![Murrdog9000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/murrdog9000/32/6391_2.png) [@Murrdog9000](https://forums.speedlife.net/u/Murrdog9000)\ **Post date:** [July 18, 2012, 2:07pm UTC](https://forums.speedlife.net/t/nurburgring-is-in-trouble/264423/8 "2012-07-18T14:07:09Z")
Shift fund to buy nurburgring? I got 100…