Nissan 370Z Forum  

Nürburgring in trouble??

Nrburgring in trouble | evo News | News | evo The Nurburgring is in financial trouble, and as debts mount, the future of the circuit looks uncertain. So what’s actually

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > The Lounge (Off Topic)


Reply
 
LinkBack Thread Tools Display Modes
Old 07-28-2012, 11:26 AM   #1 (permalink)
A True Z Fanatic
 
whoady4shoady's Avatar
 
Join Date: Jun 2009
Location: New Orleans
Posts: 1,088
Drives: 09 Silver Nismo
Rep Power: 17
whoady4shoady will become famous soon enough
Default Nürburgring in trouble??

Nrburgring in trouble | evo News | News | evo

The Nurburgring is in financial trouble, and as debts mount, the future of the circuit looks uncertain.



So what’s actually the problem?

The circuit, or more importantly the company that runs it, has filed for insolvency and faces the prospect of bankruptcy unless it can find €13million.

Big debts started to mount when construction of the new multi-million euro leisure facility began in 2004. The plan was to attract a much larger, less motorsport-oriented audience, bringing more money to the region.

Why did it go wrong?

The crowds never came, and the hotel, casino and theme park just weren’t making any money. They were however taking business away from other local businesses that depend on visitors to the track.

The company in charge of running the circuit and the huge new complex, Nurburgring Gmbh, is owned by the German state of Rhineland-Palatinate, but this wasn’t always the plan. It was all part of a scheme to privatise the Nurburgring, but like the crowds, the investment never came - and the state has been supporting the circuit ever since. Total debts now amount to over €497million, which includes a €330million loan from the state-owned Investitions und Strukturbank.

Rhineland-Palatinate’s justification was that motorsport events, and the circuit attracted many thousands of people as well as the automotive companies to the region, but the EU is no longer happy with the government pumping money into the state-owned company.

What does it mean for the circuit?

Local state Governor, Kurt Beck, had proposed a €13million state aid package, which needed to be approved before the 31 July deadline, but it was declined by the European Commission.

If the company does go bankrupt, the German taxpayer will have to absorb this entire debt, something the Government is keen to avoid.

Nurburgring officials insist that the current racing season will be unaffected, but beyond 2012, racing at the ‘Ring is uncertain unless somebody takes the circuit and at least some of the debts on.

Beck wants to remove the current management, and split up the various components, keeping the race tracks state owned, but this all depends on whether the €13million is found before the end of the month.

What about F1?

Nurburgring currently hosts the German Grand Prix once every two years, alternating with Hockenheim, and Bernie Ecclestone has offered to waive the usual race fee in 2013 if it helps to keep the race there (A potential saving of around €20.6million). There are strings however. Ecclestone’s deal means he would ‘claim all revenues’, and the F1 tycoon wants the deal to be signed quickly.

What about tourist days?

With everything so up in the air, it’s hard to predict what will happen to the popular ‘tourist days’, but the tickets have already become more expensive at €26 for a single lap and €1445 for a year pass to the circuit – an 8% increase year-on-year. Availability of the tourist days has also decreased, with the big manufacturers and tyre companies taking up more track time than ever.

Free-and-easy access to the 'Ring has been under threat for a while; with a number of fatalities every year and increasing pressure from safety groups demanding more controls to prevent deaths. Depending on what happens to the business side of the Nurburgring, it's possible that the 'tourist days' could be dropped entirely, as the financial shortfall could easily be made up from various manufacturers already striving for more dedicated time at the track.
__________________
Quote:
Originally Posted by bigdog1250 View Post
Get the collectors edition Z ('09 - 12)
whoady4shoady is offline   Reply With Quote
Old 07-28-2012, 10:43 PM   #2 (permalink)
A True Z Fanatic
 
Isamu's Avatar
 
Join Date: Jul 2010
Location: Minot ND
Posts: 51,960
Drives: every day...
Rep Power: 212
Isamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond repute
Default

we as a forum should buy it....
__________________
Quote:
It's not an oil leak, it's sweat from all the horsepower!

黒子 ('Kuroko')
Project: SuperNova Owner/Operator and Lead designer @BlackGuard Aeroworks
Isamu is offline   Reply With Quote
Old 07-28-2012, 10:47 PM   #3 (permalink)
Retired admin
 
frost's Avatar
 
Join Date: Dec 2008
Location: Winterfell
Posts: 106,613
Drives: Your Wife Crazy
Rep Power: 0
frost frost frost frost frost frost frost frost frost frost frost
Default

Quote:
Originally Posted by Isamu View Post
we as a forum should buy it....
If every member chips in about $15k, we got this.
__________________
370z OG

Quote:
Originally Posted by rooftop View Post
<insert snarky, slightly condescending frost joke>
frost is offline   Reply With Quote
Old 07-28-2012, 11:55 PM   #4 (permalink)
A True Z Fanatic
 
FL 4Motion's Avatar
 
Join Date: Feb 2009
Location: FL
Posts: 4,776
Drives: Baby Shark
Rep Power: 701615
FL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond reputeFL 4Motion has a reputation beyond repute
Default

Quote:
Originally Posted by frost View Post
If every member chips in about $15k, we got this.
hey frosty, can you spot me about $15K bro?
FL 4Motion is offline   Reply With Quote
Old 07-29-2012, 01:18 AM   #5 (permalink)
A True Z Fanatic
 
eastwest2300's Avatar
 
Join Date: May 2010
Location: South FL
Posts: 90,799
Drives: '16QX70/'21 Supra3.0
Rep Power: 2684549
eastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond reputeeastwest2300 has a reputation beyond repute
Default

Quote:
Originally Posted by FL 4Motion View Post
hey frosty, can you spot me about $15K bro?
__________________
Infiniti QX70 & Toyota Supra 3.0 Premium
eastwest2300 is offline   Reply With Quote
Old 07-29-2012, 08:22 AM   #6 (permalink)
A True Z Fanatic
 
Isamu's Avatar
 
Join Date: Jul 2010
Location: Minot ND
Posts: 51,960
Drives: every day...
Rep Power: 212
Isamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond repute
Default

Quote:
Originally Posted by frost View Post
If every member chips in about $15k, we got this.
could you imagine... a z forum owned track?
__________________
Quote:
It's not an oil leak, it's sweat from all the horsepower!

黒子 ('Kuroko')
Project: SuperNova Owner/Operator and Lead designer @BlackGuard Aeroworks
Isamu is offline   Reply With Quote
Old 07-29-2012, 08:34 AM   #7 (permalink)
Enthusiast Member
 
HArturo319's Avatar
 
Join Date: Jun 2012
Location: Houston, TX
Posts: 323
Drives: 2013 PW NISMO
Rep Power: 12
HArturo319 is on a distinguished road
Default

I hate to see legends to the sword. Mismanagement at it's worst.
__________________


Me And Zoloft Get Along Just Fine
HArturo319 is offline   Reply With Quote
Old 07-29-2012, 08:55 AM   #8 (permalink)
A True Z Fanatic
 
w0rM's Avatar
 
Join Date: May 2012
Location: Houston, TX
Posts: 2,198
Drives: 2015 Corvette Z06
Rep Power: 35
w0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond reputew0rM has a reputation beyond repute
Default

We need to have a telethon or something. What's Jerry Lewis doing right now?
__________________

| SOLD September 14th, 2013 | My Build Journal
w0rM is offline   Reply With Quote
Old 07-29-2012, 09:51 AM   #9 (permalink)
A True Z Fanatic
 
whoady4shoady's Avatar
 
Join Date: Jun 2009
Location: New Orleans
Posts: 1,088
Drives: 09 Silver Nismo
Rep Power: 17
whoady4shoady will become famous soon enough
Default

Seriously. It cant go down without a fight.
__________________
Quote:
Originally Posted by bigdog1250 View Post
Get the collectors edition Z ('09 - 12)
whoady4shoady is offline   Reply With Quote
Old 07-29-2012, 09:51 AM   #10 (permalink)
A True Z Fanatic
 
Isamu's Avatar
 
Join Date: Jul 2010
Location: Minot ND
Posts: 51,960
Drives: every day...
Rep Power: 212
Isamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond reputeIsamu has a reputation beyond repute
Default

Quote:
Originally Posted by w0rM View Post
We need to have a telethon or something. What's Jerry Lewis doing right now?
__________________
Quote:
It's not an oil leak, it's sweat from all the horsepower!

黒子 ('Kuroko')
Project: SuperNova Owner/Operator and Lead designer @BlackGuard Aeroworks
Isamu is offline   Reply With Quote
Old 07-29-2012, 10:07 AM   #11 (permalink)
Track Member
 
MMC Racing's Avatar
 
Join Date: Jun 2009
Location: San Diego
Posts: 661
Drives: 2015 GT-R
Rep Power: 16
MMC Racing has a spectacular aura aboutMMC Racing has a spectacular aura aboutMMC Racing has a spectacular aura about
Default

Blow it up.
__________________
2014 F150 Raptor, 2014 Mazda 3, 2015 Nissan GT-R
MMC Racing is offline   Reply With Quote
Old 07-29-2012, 10:14 AM   #12 (permalink)
A True Z Fanatic
 
red6spd's Avatar
 
Join Date: Apr 2010
Location: Long Island NY
Posts: 3,277
Drives: 2010 Z Coupe M6 SPT
Rep Power: 20
red6spd is a jewel in the roughred6spd is a jewel in the roughred6spd is a jewel in the roughred6spd is a jewel in the rough
Default

Is Motorsports safe anywhere?
__________________
2010 Base+Sport 6spd: Stillen G3, FI Non-Resonated CBE, FI Non-Resonated Test Pipes, UpRev Tuned, Custom 24R Oil Cooler, JDM Rear Fog-OEM Harness.
???Whp ???WTQ (Will find out come spring time)
red6spd is offline   Reply With Quote
Old 07-31-2012, 05:41 AM   #13 (permalink)
A True Z Fanatic
 
DjSquall's Avatar
 
Join Date: Apr 2010
Location: Tottenham, ON
Age: 36
Posts: 1,340
Drives: My first car
Rep Power: 21
DjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond reputeDjSquall has a reputation beyond repute
Default

Quote:
Originally Posted by red6spd View Post
Is Motorsports safe anywhere?
With all these eco-green-battery-powered new cars that I could beat in a race on a bicycle.. I'd say no. It's not safe.
DjSquall is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
38th Nürburgring 24 Hours on the (Nürburgring) Nordschleife May 13-16 2010 AK370Z Track / Autocross / Drifting / Dragstrip 4 06-06-2012 12:45 PM
Trouble Nismo221 Nissan 370Z Warranty / Scheduled Maintenance / Servicing / Repairs 2 02-25-2012 07:26 PM
Having Trouble with Evo R Z RATED OKC Nissan 370Z General Discussions 32 09-29-2011 11:05 AM
Car trouble bigaudiofanat The Lounge (Off Topic) 0 04-11-2011 08:58 PM
Having trouble picking a Z.. and having trouble with the manual AceSpade77 Nissan 370Z General Discussions 12 08-04-2009 04:02 PM


All times are GMT -5. The time now is 11:30 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2