Nrburgring Lives… For Now
The fate of the one of the world’s finest tracks was up in the air after the Nürburgring officially declared bankruptcy last month. Things appeared gloomy for the ‘Ring, and even Bernie Ecclestone was looking for a way to save it.
And for now, it shall live. The operators of the famed track apparently had accrued around $490 million of debt to a Rhineland-Palatinate bank, but a temporary reprieve has been granted from the Rhineland-Palatinate state legislature. For now, the ‘Ring has been approved for a $312 million loan guarantee, but all that really does is buy it some time.
But time might be all the Nürburgring needs. Ecclestone is probably not the only person interested in saving the ‘Ring; and if a few more investors could step up, it could find a way to continue its storied history for many more years to come.
[Source: Autoweek]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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