RE: Is the Nurburgring about to go bankrupt?
Discussion
Munich said:
Guvernator said:
loudlashadjuster said:
Guvernator said:
My worst fear is that the EU may just be using the Rings current financial woes as an excuse to shut the place down. I can't imagine a place that allows people to just turn up and drive cars very fast with little in the way of legislative involvement is very popular with the bureaucrats in Brussells. In fact I'd imagine there are quite a few EU greenies and Health and Safety nannies who are probably apocaleptic at the continued existence of the place.
My advice? Take the foil hat off and go outside for a bit of a stroll.As a bona fide Online Doctor I'd also recommend avoiding the Daily Mail and Express if you can.
Much love
I predict the Ring will cease to exist in it's current "turn up and drive" format within the next 10 years at most.
Edited by Guvernator on Tuesday 17th July 13:16
MrKipling43 said:
Er, can I just draw attention to the fact that a paltry £13m for a world-reknowned and respected automotive testing and race facility is being deemed 'illegal state aid', but a sixty BILLION Euro bailout for the Spanish banks is totally ok?
Perhaps the EU approved (even funded) the bailout of the banking industry in Spain on the premise that if the banking system in one of the biggest economies in Europe collapsed the effects might be quite widespread - more widespread than if a racing circuit was put into administration?Of course, many might be questioning whether the perceived wisdom of supporting the banking system at all costs continues to make sense..
I went last year and the track was full but the new hotel complex was empty. They seem to have put a financial brick round their neck with all that has been spent on it. It would be a hell of a shame if this great track went under I can't believe the Germans will let this happen. There is nowhere like it in the world . . . Save the Ring. BTW also going on 16th and 17th Sept for the day and a half open pit session. Perhaps see some of you out there.
Exactly, talk about double standards.
Of course, many might be questioning whether the perceived wisdom of supporting the banking system at all costs continues to make sense..
SprintSpeciale said:
MrKipling43 said:
Er, can I just draw attention to the fact that a paltry £13m for a world-reknowned and respected automotive testing and race facility is being deemed 'illegal state aid', but a sixty BILLION Euro bailout for the Spanish banks is totally ok?
Perhaps the EU approved (even funded) the bailout of the banking industry in Spain on the premise that if the banking system in one of the biggest economies in Europe collapsed the effects might be quite widespread - more widespread than if a racing circuit was put into administration?Of course, many might be questioning whether the perceived wisdom of supporting the banking system at all costs continues to make sense..
Would make more sense to put it into the German equivalent of chapter 11 / administration and keeping it open while its debts/ownership is restructured. Cant see the banks who are owed money agreeing to closing the place down especially during the busy summer period thereby cutting off their income source
Their misguided greed, to try and turn the facility and its surroundings into some kind of Disneyland for petrolheads, where only their own currency was good, was doomed to failure from the outset.
I'll actually be relieved if the "corporation" element of the track's ownership and administration were to die a horrible death, and the usage and the surrounding infrastructure of the area were to regress back 5-10 years (or more maybe, but I never went there that far back).
The teams that maintain the track, and sweep the GB plates and paint off of the armco do a fantastic job, and the track couldn't operate a tourist day without them. I'll happily pay the tolls to keep that alive.
I will, however, only use private/family run accomodation and facilities ... The magic of the area is the eateries and B&Bs of the surrounding towns and villages, and having some beers in Adenau after a great days driving - The corporation has sucked the life out of these people's businesses, and their charm, and won't be missed!!!
I'll actually be relieved if the "corporation" element of the track's ownership and administration were to die a horrible death, and the usage and the surrounding infrastructure of the area were to regress back 5-10 years (or more maybe, but I never went there that far back).
The teams that maintain the track, and sweep the GB plates and paint off of the armco do a fantastic job, and the track couldn't operate a tourist day without them. I'll happily pay the tolls to keep that alive.
I will, however, only use private/family run accomodation and facilities ... The magic of the area is the eateries and B&Bs of the surrounding towns and villages, and having some beers in Adenau after a great days driving - The corporation has sucked the life out of these people's businesses, and their charm, and won't be missed!!!
The EU must get it's priorities right - tinker with anything which doesn't contribute to it's core activities, i.e. making stupid laws, bailing out banks, subsidiing rich farmers, etc. Attack anyone who might enjoy themselves because this isn't allowed, especially if their activity is motor related. In view of German's car producing and engineering capacity it sounds surprising..........look out, you are being Merkelled!
mat205125 said:
Their misguided greed, to try and turn the facility and its surroundings into some kind of Disneyland for petrolheads, where only their own currency was good, was doomed to failure from the outset.
I'll actually be relieved if the "corporation" element of the track's ownership and administration were to die a horrible death, and the usage and the surrounding infrastructure of the area were to regress back 5-10 years (or more maybe, but I never went there that far back).
The teams that maintain the track, and sweep the GB plates and paint off of the armco do a fantastic job, and the track couldn't operate a tourist day without them. I'll happily pay the tolls to keep that alive.
I will, however, only use private/family run accomodation and facilities ... The magic of the area is the eateries and B&Bs of the surrounding towns and villages, and having some beers in Adenau after a great days driving - The corporation has sucked the life out of these people's businesses, and their charm, and won't be missed!!!
Totally agree I also miss the old motor museum, how they were allowed to destroy that I will never understand. I'll actually be relieved if the "corporation" element of the track's ownership and administration were to die a horrible death, and the usage and the surrounding infrastructure of the area were to regress back 5-10 years (or more maybe, but I never went there that far back).
The teams that maintain the track, and sweep the GB plates and paint off of the armco do a fantastic job, and the track couldn't operate a tourist day without them. I'll happily pay the tolls to keep that alive.
I will, however, only use private/family run accomodation and facilities ... The magic of the area is the eateries and B&Bs of the surrounding towns and villages, and having some beers in Adenau after a great days driving - The corporation has sucked the life out of these people's businesses, and their charm, and won't be missed!!!
Alex said:
Pugsey said:
Fingers crossed this does happen, followed by flogging the thing for housing/industrial estates or just let go back to nature whatever. Thoroughly bored with hearing about how wonderful it is day in day out. Just another (ok it's long) race track. Get over it - there's plenty of others.
Are you on the right forum? For a PH'er, the 'Ring is one of the greatest places on earth.Great place indeed. And yes I've been there - track days and raced. I will risk saying it's not my fave circuit though although gets into my top five.
mat205125 said:
Their misguided greed, to try and turn the facility and its surroundings into some kind of Disneyland for petrolheads, where only their own currency was good, was doomed to failure from the outset.
I'll actually be relieved if the "corporation" element of the track's ownership and administration were to die a horrible death, and the usage and the surrounding infrastructure of the area were to regress back 5-10 years (or more maybe, but I never went there that far back).
The teams that maintain the track, and sweep the GB plates and paint off of the armco do a fantastic job, and the track couldn't operate a tourist day without them. I'll happily pay the tolls to keep that alive.
I will, however, only use private/family run accomodation and facilities ... The magic of the area is the eateries and B&Bs of the surrounding towns and villages, and having some beers in Adenau after a great days driving - The corporation has sucked the life out of these people's businesses, and their charm, and won't be missed!!!
Agreed, when we went the first time we were oblivious to any financial problems there. Subsequent trips, we've been a bit more careful with who we give our money to; Pistenklause and Pinocchio's are awesome! I'll actually be relieved if the "corporation" element of the track's ownership and administration were to die a horrible death, and the usage and the surrounding infrastructure of the area were to regress back 5-10 years (or more maybe, but I never went there that far back).
The teams that maintain the track, and sweep the GB plates and paint off of the armco do a fantastic job, and the track couldn't operate a tourist day without them. I'll happily pay the tolls to keep that alive.
I will, however, only use private/family run accomodation and facilities ... The magic of the area is the eateries and B&Bs of the surrounding towns and villages, and having some beers in Adenau after a great days driving - The corporation has sucked the life out of these people's businesses, and their charm, and won't be missed!!!
It's such a shame and all down to the classic bean-counters getting involved scenario. They had a vision of what it could be but very little understanding of what was actually wanted.
It's as if they have held their fingers in the air and said "we've got XXXX people coming to the TF days, each of those is going to pay XXX to stay in our swanky hotels and pay XXX to eat our food and buy/use our tat. At the same time we'll try to force the other local hotels, resturants out of business. We'll make XXX every year. Winner".
Speaking on behalf of myself and my circle of friends who have been there more times than I can remember in the last 15 years, we have a tremendous loyalty to the small local hotels, local restaurants and local traders who have a very good understanding of what the TF days people want.
It would be interesting to see the figures on how profitable the TF days/car manafacturers contributions alone are. If they are profitable, taking all marshals / recovery trucks / track maintenence / tickets guys etc, etc....it will survive. Profitable businesses seldom get closed down; even if they are part of a larger unprofitable company. Mostly they get seperated out. You will always find someone to take it over if the business is a viable one.
I hope the f
k ups in Brussells are not using this as a prime excuse to close down the 'Ring though. I'm sure it has it's enemies.......
It's as if they have held their fingers in the air and said "we've got XXXX people coming to the TF days, each of those is going to pay XXX to stay in our swanky hotels and pay XXX to eat our food and buy/use our tat. At the same time we'll try to force the other local hotels, resturants out of business. We'll make XXX every year. Winner".
Speaking on behalf of myself and my circle of friends who have been there more times than I can remember in the last 15 years, we have a tremendous loyalty to the small local hotels, local restaurants and local traders who have a very good understanding of what the TF days people want.
It would be interesting to see the figures on how profitable the TF days/car manafacturers contributions alone are. If they are profitable, taking all marshals / recovery trucks / track maintenence / tickets guys etc, etc....it will survive. Profitable businesses seldom get closed down; even if they are part of a larger unprofitable company. Mostly they get seperated out. You will always find someone to take it over if the business is a viable one.
I hope the f
k ups in Brussells are not using this as a prime excuse to close down the 'Ring though. I'm sure it has it's enemies.......Edited by OdramaSwimLaden on Tuesday 17th July 18:01
OdramaSwimLaden said:
It's such a shame and all down to the classic bean-counters getting involved scenario. They had a vision of what it could be but very little understanding of what was actually wanted.
Oh FFS. Nothing to do with beancounters and everything to do with greedy idiots who think they can make a killing by using their 'contacts' and by trying to tie punters in.This sort of person has more to do with salesmen and politicians, and they're the ones who make a balls-up of it...
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