More trouble for the Nurburgring

GermanF1

Race Winner
Contributor

Bill Boddy

Professional layabout
Contributor
I just hope that this mess can be cleared up fairly quickly. The "new" Nurburgring features have not caught on, it needs to be returned to being a motor sport venue.

If things go badly KFCITW may need to have to go to Hockenheim next year after all.
 

tooncheese

Hans Heyer
Contributor
Been brewing for a while, there is a thread somewhere in the grandstand section with a few extra articles/news. (Could they be merged?) Is it not those annoying Green Party folks in power in the Rhineland? Thank God they are unpopular over here (although Silverstone is one of two GP that the government don't have a stake in.)
 

GermanF1

Race Winner
Contributor
Been brewing for a while, there is a thread somewhere in the grandstand section with a few extra articles/news. (Could they be merged?) Is it not those annoying Green Party folks in power in the Rhineland? Thank God they are unpopular over here (although Silverstone is one of two GP that the government don't have a stake in.)

No these Green guys are the leading party in Baden Württemberg, over there in Rhineland Palatinate it's the Social Democratic Party who leads a coalition with the Greens being their junior partner...Anyway that's the head of Rhineland Palatinate, that says it all I guess
Beck_dpa.jpg
 

mjo

Procrastinating
Contributor
I hope the trouble gets sorted quickly! Contrary to popular opinion, the Nurburgring is one of my favourite F1 tracks.
 

siffert_fan

Too old to watch the Asian races live.
Contributor
According to Autosport, the local government has given the Nurburgring 240m Euros to help pay for its needed upgrades. Great news
 

Brogan

🦶 Leg end
Staff Member
The European Commission is investigation the aid: http://www.autosport.com/news/report.php/id/101751

The European Commission has announced it is stepping up its investigation into "several additional financial measures aimed at avoiding an immediate insolvency of the companies concerned" amid fears that the measures were not granted on market terms.

"At this stage, the Commission has doubts that the measures were granted on market terms and that the companies are viable without continued state support," said the EC in a statement.

"The extension of an in-depth investigation gives interested third parties an opportunity to comment on the additional measures under assessment; it does not prejudge the outcome of the investigation.

"The Commission is concerned that Nurburgring may already have been a company in difficulties in 2008, when it received the previous aid. Because of its highly distortive effects on competition, rescue or restructuring aid to a company in financial difficulties may be granted to a given company only once in a period of 10 years.

"The Commission will now investigate whether these repeated public interventions were in line with EU state aid rules."

More here: http://uk.reuters.com/article/2012/08/08/uk-eu-nueburgring-stateaid-idUKBRE8770IF20120808
and here: http://www.gpupdate.net/en/f1-news/282491/eu-investigating-nurburgring-s-government-loan/
 
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