Japan Broadcasters Whiff On World Cup W Sportsmedia Firm To Have Broad Mission Commonwealth Games To Benefit Sponsors Clubs Moving Out Of Harm's Way World Cup To Boost Int'l Champions Cup PyeongChang OC President Resigns Ecclestone Not Buying Back F1 Nowitzki Extends Deal With ING-DiBa Empty Seats Overshadow German F1 Race Athletics Australia Stands By Cuts
SBD Global/August 30, 2013/FinancePrint All
The EuroSpeedway Lausitz "would like to receive financial support from the state government and therefore hopes for a positive response from the European Union," according to Norman Fischer of MOTORSPORT TOTAL. The racetrack, which opened in 2000, "is looking at an uncertain future." The track's contract with the German Touring Car Championship (DTM) "has not been extended yet, and with the Berlin Tempelhof airport closed it might get competition in its region." In addition, the racetrack "has some financial issues." The circuit "needs to renew its asphalt surface, but a complete renovation of the EuroSpeedway would cost millions." EuroSpeedway Managing Dir Bert Poensgen said, "We definitely can't afford that. Our business is unfortunately not that profitable." The racetrack "hopes to receive financial support and counts on the European Union." Poensgen: "Our request concerns the general distribution of public subsidies for sport facilities and more specifically racetracks" (MOTORSPORT TOTAL, 8/28).