Nurburgring in administration

The company that manages Germany’s troubled Nurburgring circuit has petitioned to enter administration at a court in the town of Bad Neuenahr-Ahrweiler, an official source told AFP yesterday. The Interior Minister of the state of Rhineland-Palatinate,...

The company that manages Germany’s troubled Nurburgring circuit has petitioned to enter administration at a court in the town of Bad Neuenahr-Ahrweiler, an official source told AFP yesterday.

The Interior Minister of the state of Rhineland-Palatinate, which is the majority shareholder in the company that manages the iconic circuit, said that Nurburgring Automotive made the move on Friday.

A spokesman for the Interior Minister added that administrators will be appointed by the court tomorrow.

Nurburgring Automotive are €13 million in debt and had been counting on financial aid from the EU after extensive renovation work. However, no decision on a bail-out would be made until at least July 30.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.