Finnish MotoGP race in jeopardy as KymiRing faces bankruptcy
The future of MotoGP’s ill-fated Finnish Grand Prix appears to have been put in even greater jeopardy, with the KymiRing site forced into bankruptcy proceedings this week due to an unpaid debt.
The track was originally scheduled to host its first GP in 2020, but two years later there is still one more race to go, with the 2022 event being canceled in May.
According to local media, the Paijat-Hame District Court ruled against the runway owners earlier this week in a bankruptcy petition filed by construction companies, two of which say they have unpaid bills. of €600,000.
“We are aware that the application has been submitted,” KymiRing CEO Riku Ronholm told news site MTV Uutiset. “However, we have not yet received the application, so we are not commenting at this stage.
“The KymiRing Board and Owners will discuss the matter internally today and in more detail upon receipt of the application and its content.”
The news deals a further blow to the beleaguered track, which has been dogged by stories of unfinished construction being at least part of the reason for 2022’s cancellation.
The 2022 Finnish Grand Prix has been officially canceled due to the “current geopolitical situation” according to MotoGP bosses Dorna (a coded reference to the Russian invasion of Ukraine), – but the build is believed to be in fact stalled for much longer than that, with little progress since the track was first tried out by MotoGP test riders in 2019, pictured below.
“All parties have agreed that the track debut should be postponed until 2023, when MotoGP looks forward to returning to Finland for the first time in four decades,” read Dorna’s statement announcing the cancellation/ the postponement of 2022.
However, with the track now entering administration and work still to be completed to homologate it to MotoGP standards, it is hard to imagine a scenario in which the circuit will enter the calendar in the years to come. come.
That means he could join an ignominious list of similarly failed circuit projects that have been granted tentative slots in the MotoGP calendar never to materialize, including the doomed British circuit in Wales, a site missed in Rio de Janeiro, the Hungarian Balatonring and several tracks in Indonesia before the construction of the new Mandalika Bay site.
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