D“Green Hell”, it was not the Nurburgring of the past few weeks, but the area around it. Partially flooded areas and destroyed towns are close to traditional race tracks. During this period, the ring itself developed into the focus of people and a safe haven for help. First in the paddock and later in the spectator parking lot, the helpers set up their “supply center”: machines, tools, vehicles, generators, tents, piles of clothes-all the urgently needed things will be found there and suitable there. s position.
Thursday he remembered European Court of Justice However, in the European Court of Justice (ECJ) in Luxembourg, the cantonal government of Mainz referred to aspects of the racecourse that have not been instructive in the recent past. Over the years, this ring has received approximately 5 billion euros in funding, but it is still not immune from bankruptcy. More importantly: if the European Supreme Court succeeds, the sales to the car supplier Capricorn must be checked again in 2014.
this European Commission Wrongly decided to sell to Capricorn without formal investigation procedures. The company of Düsseldorf entrepreneur Robertino Wild has paid 77 million euros. The other two bidders were not considered. After years of litigation, the two are basically right now. The European Court of Justice overturned the earlier judgment of the EU General Court, which confirmed the Commission’s actions. Today, this ring no longer belongs to Capricorn, but belongs to the holding company of Viktor Charitonin in Russia. When the sultry mid-sized company in Düsseldorf could no longer pay, the oligarch bought the ring there-a disaster for the state government.
The construction of the venture park failed miserably
Under the former founding father Kurtback The head of Mainz tried to upgrade the weakly structured area and ring through adventure and business parks, but to no avail. But the promised private financing of discos, amusement parks, convention centers and hotels failed. After failing to find private donors, the country had to provide about 300 million euros in funding for the expansion itself. Despite the efforts made, the bankruptcy in 2012 could not be avoided.
The European Supreme Court accused the European Commission of erroneously thinking that Capricorn’s takeover offer was guaranteed by Deutsche Bank’s financing commitment. This raised “non-discriminatory suspicions about the bidding process.” Because of the lack of financing evidence, the significantly higher offer of bidder Nexovation was excluded. Brussels must now examine whether the sale to Capricorn also involves state aid. The European Court of Justice has no objection to the state government’s funding of the former car owner of the Nürburgring. In this regard, the court rejected the complaint. The situation of the two plaintiffs is completely different.
On the one hand, the US technology company Nexovation has involved members of the US Congress in the ring battle. In addition, the “Nurburgring is” association, according to its own statement, gathered 360 individuals and representatives of the automobile association. What you care about is keeping the route. The chairman of the association believes that his criticism of the sales process has been confirmed. “We can’t understand why we have to seek the last instance to correctly classify a buyer’s apparently insufficient financing situation. The sales process has now finally been exposed as a farce,” said Dieter Weidenbrück.
Matthias Nordmann, a lawyer at Dentons, a law firm entrusted by Nexovation, said that the ball is now within the scope of the committee. Given that it is clear, this will not avoid the opening of a formal investigation procedure. If the committee concludes that the buyer did not purchase the ring in accordance with market conditions and therefore received illegal state assistance, the old sales contract will be invalid. Then there must be a new bidding process.
The state government did not comment on the verdict until Thursday afternoon. There are more important things now. German Chancellor Angela Merkel (Angela Merkel) announced another visit to flooded areas this Friday. Then, the Nürburgring circuit once again showed its best side.
