RobPhoboS Posted November 28, 2012 Share Posted November 28, 2012 (edited) Posted on another site but I thought some people here would be interested: ------------------------- The Nurburgring is SAVED! RZ COMMENT: At last, the Nürburgring can resume driving Christian Lindner (no relation to the Hotel operator) for agreement at the Nürburgring (Google Chrome Auto translation) http://www.rhein-zeitung.de/regional...tml#articletop Comment by Christian Lindner The 27th November 2012 will go down as one of the most important days in the 85 year history of the Nürburgring: Two bankruptcy experts from Koblenz and Trier has managed previously from dozens of other would-be experts deep in local politics and economy after years of Chaos tour in the morass driven track in the Eifel mountains to move back on solid ground. With the negotiated by comparing them with the ring operators NAG ends a seemingly hopeless situation - which has to account for the state government. Only the government had completely covered Beck invested 330 million euros at the Nurburgring, they transferred the operation of the circuit before the state election in 2011 dubious contracts to two businessmen - just to get the ring from the neck to create. Negotiators Hendrik Hering, Rhineland-Palatinate, then economics minister, was even ready for it, in fact reveal any influence from the government as the owner of the ring on the operating business. The country remained the pressing ring debts, the business at the Nürburgring and made some others now. It was even worse: the country and its Desired partner fell out soon, the lease did not drain as agreed, the country tried unsuccessfully to sue the owner of his property, the EU investigation for illegal subsidies of 484 million euros - and the Country and Ahrweiler owned holding company slid into bankruptcy in the summer. also this article http://www.rhein-zeitung.de/nachrich...id,519857.html Bing translation The Nurburgring has a future again Rhineland-Palatinate. A comparison is primarily about numbers. The most important figures in the agreement recorded on Tuesday are on page 20 of the extensive document. There is talk under paragraph 29 (part D) payments. Meticulously listed, which will be charged with whom. Furthermore, the restorers and the tenants on the ring have negotiated several months. Light at the Nürburgring: negotiations for a comparison to the ring were almost as tangled as the route of the ring-racers. But now, a comparison between tenants and renovation was finally achieved. Thus, a long dispute which would have threatened the future of the Eifel course is averted. At the end of the table, the following sentence is: "the parties agree to the settlement of all amounts so that on the return date of the NAG on the NG which is to pay total amount of EUR 272 480." NAG behind the symbol Nürburgring Automotive GmbH is known (NAG), so the society of tenants. NG stands for the insolvent Nürburgring GmbH and the old, nearly State-owned holding company. With the payment of those, 272 480 euros all claims are satisfied. After a multimillion dollar golden handshake that doesn't sound certainly. The repayment of the tourism tax comprehensive 3.2 million euros (called also game Bank levy) the restorers have apparently no longer pushed. They had withheld the tenants once because they claimed this amount for themselves - the starting point all the controversy. The lease contract negotiated by the former economy Minister Hendrik Hering (SPD) is actually blurred at this point. A judicial dispute the restorers had can be not sure to prevail. This can be read off quite a defeat for the Government of Mainz, which always did, as she would be with the Treaty on the safe side. Apparently she wasn't. That insist the saviour of companies not on the game Bank levy, has yet a different, perhaps even weightier reason. You have the NAG inevitably driven into insolvency. And in insolvency proceedings, a set-off of claims would have been impossible. Prefer to play it safe, the restorers went to get their money. Restorers needed above all the ownership back The conditions at the Nürburgring are complicated. Simply spoken, they take on the following formula: without owning no recovery, no recovery no future. To bring the reordering of the Nürburgring on the way, the restorers of Thomas Schmidt and Jens Lieser need access to the course of the Eifel. Otherwise, they can work from any solution that ensures continuous operation. The worst case would have been a shutdown of the Nürburgring with the Commission - with devastating consequences. Trying this scenario with the comparison to avert. Tenants must immediately release the Nürburgring Now, the tenant must immediately release the Nürburgring. It is covered on page five of the comparison Treaty. The operating lease agreement shall be repealed retroactively to October 31 this year. The lease of "final and without more settlement" to 3.4 million euros plus value added tax is set for the period from 1 May to end of October 2012. In addition to the lease, also other treaties are obsolete. The restorers also secure access to the cashless payment system at the Nürburgring, which operates the cash settlement & ticketing GmbH (CST). This is one of but the NAG partner Kai Richter and two other entrepreneurs to 50 percent. In the framework of mutual set-off of claims, the Nürburgring GmbH pays 640 000 euros to the appropriate company of judge now have control over the payment system. Compromise with the tenants were needed NAG partner Kai Richter and Jörg Lindner, who see a success in comparison, are not from the ring business. Finally, the (former) tenants have the right 2013 to bring the formula 1 at the Nürburgring. This must be done however extremely cost effective. The original term of the formula 1 contract (2030 with extension option up to 2040) is virtually abolished. Because she no longer applies if the track is sold to another or the formula 1 of the Treaty would block an EU compliant tender. Staff of the NAG will remain Continue is the contract with the two Lindner Hotels at the Nürburgring, but with limited time (until the end of 2015, with a right of early redemption by end 2013). Staff of NAG to the entire ring will largely be transferred to the new company founded by the Sanierern. Who wants to change not be borrowed. So the restorers securing access to senior personnel, they pay EUR 165 000. The shortening of the Lindner Hotel contracts is rewarded with a further 300 000 euros. These sums are independent of all other settlements - also on top. -------------- Edited November 28, 2012 by RobPhoboS Quote Link to comment Share on other sites More sharing options...
Wasso Posted November 28, 2012 Share Posted November 28, 2012 WIN!! Quote Link to comment Share on other sites More sharing options...
The Bounty Bar Kid Posted November 28, 2012 Share Posted November 28, 2012 Forum trip! 1 Quote Link to comment Share on other sites More sharing options...
RobPhoboS Posted November 28, 2012 Author Share Posted November 28, 2012 I imagine it's going to be a bit slippy at the moment but I'm up for a few trips in the new year me thinks Quote Link to comment Share on other sites More sharing options...
Wasso Posted November 28, 2012 Share Posted November 28, 2012 Well I'm looking to organise a European tour with Zeds, which includes the Ring. I know Will370 showed interest, so there's no harm in trying to organise a tour across Europe. Sounds a mission and you'd probably not want to hang around with some of the Zed community whilst on holiday but staging locations and meets along the way could be possible. I'm also contemplating within this trip to include the Transfagarason Highway in Romania. I've already looked into shortening the drive to include a Euro Train which transports you the car and passengers to your designated location. It's also not that expensive either. 2 Quote Link to comment Share on other sites More sharing options...
Will370z Posted November 28, 2012 Share Posted November 28, 2012 Well I'm looking to organise a European tour with Zeds, which includes the Ring. I know Will370 showed interest, so there's no harm in trying to organise a tour across Europe. Sounds a mission and you'd probably not want to hang around with some of the Zed community whilst on holiday but staging locations and meets along the way could be possible. I'm also contemplating within this trip to include the Transfagarason Highway in Romania. I've already looked into shortening the drive to include a Euro Train which transports you the car and passengers to your designated location. It's also not that expensive either. Yup still interested Quote Link to comment Share on other sites More sharing options...
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