The famed Nürburgring is deep in debt, facing bankruptcy and complete closure
This is a sad, sad report for many automotive enthusiasts who consider the incredible 12.9 mile race course one of the truest tests of a vehicle’s full capabilities anywhere in the world. While high performance cars are tested on tracks all over the world in an effort to earn bragging rights as being the fastest at that particular track – no course in the world has built a reputation like the Nürburgring. The 12.93 mile Nordschleife course has become the top proving ground for the world’s ultimate high performance vehicle and many diehard gearheads dream of tearing around “the Ring” in the supercar of their choice.
However, unless these gearheads can find a way to get to Germany by the end of this year to take their shot at one of the world’s most grueling road courses, there is a good chance that it will never happen. The problem is that the Nürburgring business entity is some 13 million Euros (15.82 million USD) in debt and the European Union is not interested in helping after a gigantic loan of 524 million Euros ($638 million USD) a few years back that was reportedly squandered on a roller coaster that was deemed to be unsafe along with a mall that has never garnered the traffic that track management had originally hoped. After questionable usage of the last huge chunk of money from the government, there is seemingly no chance that the local authorities will be quick to hand away taxpayer money to a business that only interests a small percentage of people around the world.
The good news is that the Nürburgring management plans to continue as scheduled through the 2012 season but after that, there is a good chance that the track will be forced into government administered bankruptcy and beyond that – the future of the incredible race course is totally up in the air. The best case scenario is that some uber-wealthy investor who loves high performance vehicles will step up and write a check big enough to get the Ring out of financial troubles but considering that the track seems to be an unprofitable business – the new owners/investors would need to make some changes if they want the track to have a chance of living into the future. Should the Ring be forced into court appointed bankruptcy, the assets of the company could be divided and sold in an effort to repay the outstanding debt.