The Nürburgring is officially broke. According to various German sources, the only chance the owners of the 'Ring have to fend off bankruptcy is if the track gets 13 million euros of new life injected into it. Problem is, state officials have said it's not going to happen.

In other words, the Nürburgring will go into administration and its future will at least in part be decided in court. Also up for debate will be the legality of 524 million euros worth of funding that the state has already pumped into the track, an amusement park with hotels and a shopping mall that make up the local attraction.

Reports indicate that the rest of 2012 will proceed as planned at the 'Ring. After that, it's anybody's guess what will happen to the famous German racetrack.

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    • 1 Second Ago
      • 2 Years Ago
      You'd think at least a few automakers could steer a bit of cash their way, considering the contribution the 'Ring has made to their models' development and research.
      • 2 Years Ago
      I'm sure James May is excited to hear about this.
      • 2 Years Ago
      "Fantastic!" --James May
        • 2 Years Ago
        indeed, no more cars ruined in Nürburgring.
      Andre Neves
      • 2 Years Ago
      Would be nice if one of the big 3 Germans picked up the tab on this considering how much they rely on it for vehicle testing.
        The Wasp
        • 2 Years Ago
        @Andre Neves
        It would probably be in their interest to have it go bankrupt first and let the value drop.
          Andre Neves
          • 2 Years Ago
          @The Wasp
          To be quite honest with you, I bet least one of them is considering it. Porsche would probably be the most likely if not for it's recent woes with the VW partnership which i'm sure has cash-strapped them a bit.
      Dark Gnat
      • 2 Years Ago
      I guess this isn't such a dumb idea after all:
      • 2 Years Ago
      my precious... :(
        Dark Gnat
        • 2 Years Ago
        The ring has a will of its own. It WANTS to be saved, Frodo.
      Ben B
      • 2 Years Ago
      Why won't European or global vehicle manufactures and wealthy race drivers invest to save such a legendary track?
      Alex Jon Gonick
      • 2 Years Ago
      this is a sad day.
      • 2 Years Ago
      Sad day in the world. Thinking about how many car companies have offices beside the track now, you think they will help bail them out.
      David Donovan
      • 2 Years Ago
      So they need 17 million Euros and they can't find a way to get the money yet we have these Saudi's burning their names into the desert spending millions of dollars to do so just because they can.
      • 2 Years Ago
      WE ALL PREDICTED THIS WOULD HAPPEN when those MORONS put in the amusement park and all that other garbage. now its bankrupt and its taking the track with it. SO ANGRY
      • 2 Years Ago
      VW / VAG should acquire this as their testing track. The heritage and notoriety is worth it alone.
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