MotoGP »

Hungarian event under threat again?

The Balatonring construction firm has six months to find funding and complete building work in time for the planned Hungarian Grand Prix
Hungary's hopes of hosting a MotoGP race at the all-new Balatonring this season has taken a major hit after a loan crucial to the venue's completion was refused.

Situated at Lake Balaton, a popular tourist destination in Hungary, the Balatonring was originally scheduled to host a round of the MotoGP World Championship in 2009, but was removed when it became clear the circuit would not be completed in time.

Returning to the calendar for 2010, the Balatonring is still undergoing building work ahead of its planned MotoGP inauguration in September.

However, there are now concerns that the circuit will not have the funding it needs to be completed after a loan of 15.3-billion-forint was rejected by the state-owned Hungarian Development Bank, which cited due diligence 'risks'.

Under the original terms of the loan agreement, the state would provide 70 per cent of the funding in return for receiving a 30 per cent stake in the Balatonring circuit. However, calculations required to measure the return on the investment had not been made.

As such, while Hungarian news agency MTI is reporting that the government is happy to fund the MotoGP round, construction firm Savoly Motorcentrum Fejleszto will need to finance the building work itself.

The Hungarian round was originally added to the 2009 MotoGP calendar at the expense of Shanghai, in China. Motorcycle grand prix racing is very popular in Hungary due to the success of 2007 125cc world champion Gabor Talmacsi.

Hungary last played host to a motorcycle grand prix back in 1992, when Eddie Lawson took victory from fellow Americans Doug Chandler and Randy Mamola. That race was only the second held in the country, with the first having taken place in 1990 - both were held at the Hungaroring near Budapest.

Should the 2010 Hungarian Grand Prix not go ahead as planned, the Motorland Aragon circuit in Spain is expected to take its place having been confirmed as the calendar's 'reserve' round.


Tagged as: Hungary , balatonring , hungarian , prix , grand

Related Pictures

Click on relevant pic to enlarge
Talmacsi fans, Czech 125GP 2009
Baldassarri, Jerez Moto2/3 test, November 2016
Bagnaia, Jerez Moto2/3 test, November 2016
Bagnaia, Jerez Moto2/3 test, November 2016
Bagnaia, Jerez Moto2/3 test, November 2016
Bagnaia, Jerez Moto2/3 test, November 2016
Bagnaia, Jerez Moto2/3 test, November 2016
Bagnaia, Jerez Moto2/3 test, November 2016
Axel Pons, Jerez Moto2/3 test, November 2016
Axel Pons, Jerez Moto2/3 test, November 2016
Axel Pons, Jerez Moto2/3 test, November 2016
Aegerter, Jerez Moto2/3 test, November 2016
Pedrosa, Valencia MotoGP test, November 2016
Folger, Valencia MotoGP test, November 2016
Rossi, Valencia MotoGP test, November 2016
Pedrosa, Valencia MotoGP test, November 2016
Pedrosa, Valencia MotoGP test, November 2016
Folger, Valencia MotoGP test, November 2016

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


docc - Unregistered

March 15, 2010 2:09 PM

Spain possibly having 4 gps...am I the only one who thinks this is kinda ridiculous when there are plenty of other places to have the "reserve round"?

Tarzaan

March 15, 2010 6:18 PM

It seems the Balatonring project is officially broken because of reasonable suspicion of corruption. Expert's estimates the budget of the project (which planed to finance partly by public money) was about twice higher than the actual implementation would be required so the Hungarian Development Bank does not provide the requested loan to the spanish investor.



© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.