The Nurburgring, few F1 fans want to see the circuit lost to the sport, Photo by marc-john

The Nurburgring, few F1 fans want to see the circuit lost to the sport, Photo by marc-john

It won’t be an end to the Nurburgring’s problems but it will give the owners, Nurburgring GmbH, time to get their finances in order, including taking legal action to collect money they claim is owed by  Nurburgring Automotive GmbH who lease the circuit from the holding company.

 

It had seemed that the Rhineland-Palatinate government’s hands were tied before as despite owning a significant part of the circuit they were limited on how they could bailout the circuit due to competition laws. Questions are still being asked by opposition parties but it seems a financial plan has been agreed including confirming ongoing contracts for races such as the German Grand Prix, which alternates with Hockenheim and is due to take place at the Nurburgring in 2013.

August 3, 2012 at 12:47 am by admin
Category: Circuit News
Tags: German Grand Prix, german grand prix 2013, nurburg, nurburgring, Rhineland Palatinate