RE: Nurburgring under threat - again
Discussion
I just don't understand how they struggle to make money off the place. Many of the major car manufacturers do testing there and people drive their cars over from other countries just to experience a drive around that hallowed turf. Everyone who loves driving knows about the Nurburgring.
How could they be so ridiculously incompetent as to screw it all up?
I guess it was a ridiculous idea making a themepark and a hotel there.. it should have just been kept as it was. A race track.
How could they be so ridiculously incompetent as to screw it all up?
I guess it was a ridiculous idea making a themepark and a hotel there.. it should have just been kept as it was. A race track.
MattOz said:
News just in from the Save the Ring team.............
Richter/Lindner (NAG) officially sacked as Nurburgring operators, all contracts cancelled - including Formula 1 concession!
Interesting.
http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.rhein-zeitung.de%2Fstartseite_artikel%2C-Live-Blog-So-erklaert-das-Land-den-Rauswurf-der-Paechter-_arid%2C377106.html&act=urlRichter/Lindner (NAG) officially sacked as Nurburgring operators, all contracts cancelled - including Formula 1 concession!
Interesting.
BOOM
Chicane-UK said:
I just don't understand how they struggle to make money off the place. Many of the major car manufacturers do testing there and people drive their cars over from other countries just to experience a drive around that hallowed turf. Everyone who loves driving knows about the Nurburgring.
How could they be so ridiculously incompetent as to screw it all up?
I guess it was a ridiculous idea making a themepark and a hotel there.. it should have just been kept as it was. A race track.
Presumably the real problem is repaying the loans that have been used to finance it all?How could they be so ridiculously incompetent as to screw it all up?
I guess it was a ridiculous idea making a themepark and a hotel there.. it should have just been kept as it was. A race track.
Chicane-UK said:
I just don't understand how they struggle to make money off the place. Many of the major car manufacturers do testing there and people drive their cars over from other countries just to experience a drive around that hallowed turf. Everyone who loves driving knows about the Nurburgring.
How could they be so ridiculously incompetent as to screw it all up?
I guess it was a ridiculous idea making a themepark and a hotel there.. it should have just been kept as it was. A race track.
At the point where the local gov have paid for the build etc (according to this article), all they have had to do is general running costs, although i am sure thats huge, it isnt like they have funded the 330 million out of their profits!How could they be so ridiculously incompetent as to screw it all up?
I guess it was a ridiculous idea making a themepark and a hotel there.. it should have just been kept as it was. A race track.
Could it be an intentional ploy to run it into the ground and then offer the government a "buy out" where it then miraculously starts to make profit?
Never been but I do hope they don't close it and not operate it whilst they piece this mess together in the courts. After all NAG won't run it if they're not getting paid and I doubt the local government will want to shoulder the operating costs directly and they may not be able to re award the contract to another company whilst NAG fight the decision n the courts (assuming they do)
Very messy indeed - who in the local government will stand up to the mess of awarding the ridiculous contract to NAG in the first place?
Very messy indeed - who in the local government will stand up to the mess of awarding the ridiculous contract to NAG in the first place?
At least it appears the missing EU billion euro funds don't appear to have gone there - unless they were in the brown envelopes - so appoint some auditors who wear normal spectacles and then what they save can go to Angela and she can solve the problem.....German elections coming up?
gtdc said:
This may be a little simplistic but, if they don't pay the rent they don't get the circuit surely?
If the law is the same as when renting out a property, then I'm afraid not. If you rent out a property and the tenant decides not to pay the monthly rent, then as the landload there is very like you can do until the court process has ran its course, which can take up to 2 years. That means 2 years of no rental income while the tenant still lives in the property!Edited by Munich on Tuesday 7th February 14:52
Munich said:
gtdc said:
This may be a little simplistic but, if they don't pay the rent they don't get the circuit surely?
If the law is the same as when renting out a property, then I'm afraid not. If you rent out a property and the tenant decides not to pay the monthly rent, then as the landload there is very like you can do until the court process has ran its course, which can take up to 2 years. That means 2 years of no rental income while the tenant still lives in the property!Edited by Munich on Tuesday 7th February 14:52
fingersprice said:
GC8 said:
Frances The Mute said:
That must explain why it's 26 euro a lap now. They need all the money to fill it.
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