Saturday, August 11, 2012
Nurburgring gets financial boost
The Nurburgring's hopes of holding the German Grand Prix next year have been boosted following local government intervention to help the financially beleaguered circuit. Following weeks of uncertainty about the fate of the famous track, which was facing bankruptcy on the back of a failed revamp project, it has now secured the finances it needed to move forward. The Rhineland-Palatinate's state legislature has approved 254 million Euro to help guarantee a 330 million Euro loan that was handed to it for the circuit improvements
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