Nurburgring to go Bankrupt

The legendary Nurburgring has suggested that it is about to go bankrupt, much to the dismay of many motoring and motorsport enthusiasts around the world.

The Nurburgring, situated around the village and medieval castle of Nurburg, up in the Eifel Mountains in Germany, is a 14 mile public circuit that has been famed for generations and has also been known as the “Green Hell” back in its heyday when the German Grand Prix was held around the Nordschleife (the old Northern Loop track).

Bankruptcy

The Nurburgring has been in some financial difficulty for quite a while now and today it’s been reported that the circuit will file for bankruptcy after being refused a bail out from the European Union.

The state government owns about 90% of the Nurburgring’s holding company, Nurburgring GmbH, and the circuit was then leased to Nurburgring Automotive GmbH in a deal that was supposed to last until 2040.

The circuit’s holding company has been reported to be in debt to the tune of around €413 million. Furthermore, the state premier of the Rhineland Palatinate government has been quoted saying: “With greatest probability, bankruptcy would be applied for at the end of the month due to lack of liquidity.”

It’s a sad day for those of us that have always fancied a go around the most iconic circuit on the planet.

Turn Up and Drive

For many years now the circuit has been open to the public. All you have to do is pay €26 for a single lap, which sounds like a lot, but it isn’t really when you consider the fact that the circuit goes on for over 14 miles and it’s a thrilling ride full of adrenaline. It’s truly something you’ll never forget either. You don’t even have to make any changes to your car. You just turn up and go. All cars and bikes are welcome; of course you may need to amend your car insurance policy for driving on the continent, however once you’ve got to the Nurburgring you’ll be in motoring wonderland!

Be warned however, as the circuit has caught a vast amount of drivers out in the past due to the fact that there is very little run-off resulting in an almost certain collision with the barrier in the event of a spin. You’ll also have to be careful of other drivers on the track at the same time as you as it may get a bit congested around certain areas of the circuit.

It’s a crying shame that the Nurburgring is to file for bankruptcy, let’s hope for motorsport’s sake, that the circuit finds a way out of its financial mess.

Have you ever had a go? Please let us know your Nurburgring tale by leaving us a comment below.

 

 

Try our sister site Rightsure Insurance for Car Insurance without the aggregator

Leave a Reply