F1 bankrupting another track
No wonder they were looking seriously at Champ Car. The Nürburgring track lost 40.2 Million Euro in fiscal year 2006. The major shareholder (90%) of the Nürburgring GmbH is the county of Rheinland-Pfalz, and they published this information in their 2006 investment report.
According to the report, in fiscal year 2005 Nürburgring GmbH lost 9.7M Euro. The loss increase from 2005 to 2006 is about 30.5M Euro!
According to the report Nürburgring GmbH has lost 9.9M Euro with its F1 race in 2006. Further to that they were forced to book a provision of 23.8M. Euro for anticipated F1 GP losses in the years 2007, 2009 and 2011.