Nürburgring goes bust, EU not planning to help
Jul 17, 2012 | 07:28 PM
#1
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 2,552
From: Western Australia
Nürburgring goes bust, EU not planning to help
Hi,
The Nürburgring is officially broke.
AutoBlog
Surely someone will come to the party and make this a profitable business?
Cheers,
Nik
The Nürburgring is officially broke.
AutoBlog
The Nürburgring is officially broke. According to various German sources, the only chance the owners of the 'Ring have to fend off bankruptcy is if the track gets 13 million euros of new life injected into it. Problem is, state officials have said it's not going to happen.
In other words, the Nürburgring will go into administration and its future will at least in part be decided in court. Also up for debate will be the legality of 524 million euros worth of funding that the state has already pumped into the track, an amusement park with hotels and a shopping mall that make up the local attraction.
Reports indicate that the rest of 2012 will proceed as planned at the 'Ring. After that, it's anybody's guess what will happen to the famous German racetrack.
In other words, the Nürburgring will go into administration and its future will at least in part be decided in court. Also up for debate will be the legality of 524 million euros worth of funding that the state has already pumped into the track, an amusement park with hotels and a shopping mall that make up the local attraction.
Reports indicate that the rest of 2012 will proceed as planned at the 'Ring. After that, it's anybody's guess what will happen to the famous German racetrack.
Cheers,
Nik
Jul 17, 2012 | 07:52 PM
#3
Teamspeed Pro
Joined: Feb 2009
Posts: 6,926
From: Houston, TX
The interwebs is freaking out today.
Chill out...
Nürburgring bankruptcy: What's really happening...
Chill out...
Nürburgring bankruptcy: What's really happening...
Jul 17, 2012 | 08:28 PM
#5
Banned
Joined: Sep 2010
Posts: 5,256
First of all I would like to point out the ring is fine. No different then yesterday. It will be here tomorrow. The idiots running the show around there need to get their shit together or sell the fvcking thing. How the most well known race rack in the world is broke is beyond me. It's a cash cow and anyone with a shred of bussiess sense could easily turn a profit. Don't "save" the ring that's just code for bailout the fvcking retarded monkeys that own it know. Let it fail and be sold.
Jul 17, 2012 | 09:59 PM
#7
Watch this space.
Joined: Mar 2008
Posts: 12,211
If I were a gazillionaire (i.e. 100 million +), I'd buy that shit. Why not? Get rid of all the touristy shit, give manufacturers perks for opening shops there, hold more races (GTI cup, Diesel cup, etc.), let the long-time hoteliers and restaurateurs know all is well, etc. 13 million euros is not THAT much in the big scheme. Some big car guy like Leno or Seinfeld could put the money up tomorrow.
Finally, I'd make sure that every other week there'd be a Teamspeed-only day, free of charge, not open to the public.
Finally, I'd make sure that every other week there'd be a Teamspeed-only day, free of charge, not open to the public.
Jul 17, 2012 | 10:37 PM
#8
contract neg repper for hire
Joined: Aug 2010
Posts: 3,569
From: Louisville, KY
First of all I would like to point out the ring is fine. No different then yesterday. It will be here tomorrow. The idiots running the show around there need to get their shit together or sell the fvcking thing. How the most well known race rack in the world is broke is beyond me. It's a cash cow and anyone with a shred of bussiess sense could easily turn a profit. Don't "save" the ring that's just code for bailout the fvcking retarded monkeys that own it know. Let it fail and be sold.
Well now that's a great idea! I'm voting for you.
Jul 17, 2012 | 10:38 PM
#9
Teamspeed Pro
Joined: Feb 2009
Posts: 6,926
From: Houston, TX
Props to gmac, and not just for sending me a almost nudipic link in my time of need.
OMG, you too?
OMG, you too?
