Secret 33 Millions additional Ring-Loan

Dienstag, 11. Januar 2011

Secret 33 Millions additional Ring-Loan

Despite the massive loan of 330 Million Euros plus an additional 40 Million to cover debts of the original Nürburgring GmbH, an extra 33 Million loan has made the headlines today.



330 + 40 + 33 ... we are officially at 403 Million Euros now, which sits on the shoulders of Nürburgring GmbH. That´s heavy!

Only revealed by the ´Rheinpfalz´ newspaper today, the Rhineland-Palatinate Minister of Economic Affairs - ´Hendrik Hering´ - had to admit the additional need for money. The officially confirmed 33 Millions are estimated even as 50 - 80 Millions by the newspaper reports.

The funny bit is that Hering still describes this as success, because the damage could have been higher.

The speed of this disastrous development is impressive, they only needed 3 years to spend (waste!) this amount. Imagine how many race tracks you could create for 400 Million!

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