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Regulators for the European Union are widening their investigation into the Nürburgring, it is being reported by Reuters on Wednesday. This comes less than a week after circuit bosses declared themselves ‘optimistic’ that F1 could return to the track.
The Nürburgring has been alternating its F1 race with fellow German facility Hockenheim since 2007. Having been declared bankrupt, it was seemingly off the calendar for next year until it was announced last week that the venue had secured a loan of around 330 million euros (£260m) from the local state government.
The credit was transferred from the Rhineland-Palatinate state government to the Nürburgring GmbH holding company, 90 percent of which is owned by the state.
Watchdogs from the European Commission have now stated that they are to examine ‘several additional financial measures’ that are alleged to have been provided in May to avoid an immediate bankruptcy.
“At this stage, the Commission has doubts that the measures were granted on market terms and that the companies are viable without continued state support,” the EU regulator said in a statement.
As well as motorsport, the track is important as it is often the scene of important road car tests for manufacturing powerhouses BMW and Toyota.
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