The Nürburgring debacle moves from the sublime to the ridiculous as further detail on the allegations against Ingolf Deubel, former finance minister in the Rhineland-Palatinate government, emerge. It’s been suggested that Deubel approved an expense fund with state money back in 2009 which was to be used for two consultants—one a former hotel director in […]

Following the official insolvency of the Nürburgring GmbH we have another name to put up in lights. That of former finance minister Ingolf Deubel (that’s him on the left, with Kai Richter). Deubel, along with five other managers, have just been charged with embezzlement by the Koblenz county court. After the break you can see […]

The Nürburgring’s medium term future has been secured thanks to a new €254 million loan from the German state of Rhineland-Palatinate. At a special meeting of the state legislature’s budget and finance committee Premier Kurt Beck accepted responsibility for his part in the Nürburgring’s problems, stating: “errors have been committed.” Beck is referring, in part, […]

The mood for Nürburgring fans has become decidedly gloomy of late as bankruptcy has descended upon the Green Hell. So how did it all go wrong? German broadcaster Deutsche Welle provides the background with their article “The Nürburgring—from prestige project to catastrophe”. Seeking to cash in on the Nürburgring’s growing appeal, NüroDisney brought promises of […]

Amidst the general tales of woe and bankruptcy the chances of seeing the German Grand Prix return to the Nürburgring in 2013 have been given a boost thanks to an offer of assistance from Bernie Ecclestone. Eccelstone has agreed to waive the usual race sanction fee to ensure the Nürburgring is on the 2013 F1 […]

Following this morning’s update we can confirm Nürburgring GmbH is one step closer bankruptcy. Speaking earlier today Kurt Beck, Rhineland-Palatinate State Premier, confirmed the European Commission’s refusal to provide a €13m rescue package has forced his hand. “With greatest probability, bankruptcy would be applied for, for the end of the month due to lack of liquidity,” […]

Nürburgring GmbH facing bankruptcy The company which manages the facilities at the ‘Ring, Nürburgring GmbH, is facing bankruptcy after the European Commission blocked a €13m German government bailout package, Pistonheads reports. It’s a little bit tricky trying to follow this story from Australia, but we’ve done our best to piece together various information to bring […]