The Green Hell can burn on

[Skybird]

Maybe it is not only Assetto Corsa fans finding this news interesting, so I post it here.

The world famous race circuit Norschleife and Nürburgring has found a buyer, finally. A German producer of specialised car parts, Capricorn, has won the race, buying the full complex, and planning a technology reasearch and production park beside the track, while the amusement theme park (that was highly deficitary and one of reasons why the Nordschleife got into rough water) will get deconstructed again. Staff will be cut from 300 to 200, with job losses due to that - very stupid, unneeded but politically wanted - amusement park having to leave again.

http://www.bloomberg.com/news/2014-03-11/german-formula-1-nuerburgring-race-track-sold-to-capricorn-group.html

http://www.faz.net/aktuell/wirtschaft/rennstrecke-autozulieferer-capricorn-schnappt-sich-den-nuerburgring-12842471.html

The political gangsters having caused the mess against all reason and economic advice and being responsible for the huge waste of tax money, which ultimately led to the Nürburgring company filing for bankruptcy in 2012, still are free, although the state attorney demands a prison term of 4 years for the former finance minister. The Ministerpresident who was the major political mentor behind this Kamikaze action, will walk away from this unharmed , however.

The debts by the Nürburgring Company, at the end were equivalent to 50 years of their mean profit income.

[Skybird]

The Nürburgring is in free fall again. After a buyer, Capricorn, had been found and treaties were signed, it came to light that the private owner of Capricorn is deep in debts with all his private property already used for lending by mortgage. He was able to pay the first rate, but already could not serve the second one. He is now seeking desperately for a financier. If he does not succeed in that, the government would need to invite tenders once again, hoping for bids and signatures within a time limit ofr four months.

After that time limit, the lights will go off at the Nürburgring.

:huh:

[Wolferz]

Sounds like another typical government boondoggle.:hmmm:

[Red October1984]

I am prepared to offer them 70$ THIS WEEK.

:wah: Hate to see this.

[nev_vern]

Hope it continues.

I am glad iRacing (and Assetto Corsa) are getting a lazer scanned version imported into their sim so that it can live on.

[Skybird]

Just days before the time window would have shut and the track would have been closed down, the 2/3 majority in shares by insolvent Capricorn has been taken over by a Russian investor, Viktor Charitonin, who is owner or at least a high beast at NR Holding. The insolvency administrator said that this would be a financially extremely potent new shareholder. So it seems that the Ring will survive.

But that has been thought before, too - twice.

Meanwhile another high ranking political loser who had a dominant part to play in the ruining of the Ring and the annihilation of millions and millions of public tax money, has been let off the hook by judges some weeks ago. They are all just so innocent lambs. Not a single one of the political gangsters responsible for the financial ruin has been held accountable so far, or do I recall that wrong?

[swamprat69er]

I am prepared to offer them 70$ THIS WEEK.

:wah: Hate to see this.
Save your 70 bux for gas. I'm upping it to 100$ CDN.:)