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    Home » Possible KymiRing Bankruptcy Puts Finnish MotoGP Race In Jeopardy
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    Possible KymiRing Bankruptcy Puts Finnish MotoGP Race In Jeopardy

    Editor - The Auto JournalBy Editor - The Auto JournalJuly 5, 2022Updated:July 5, 2022No Comments2 Mins Read
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    It’s been one factor after one other for Finland’s KymiRing circuit. After internet hosting Honda, Yamaha, Suzuki, Ducati, KTM, and Aprilia take a look at riders in 2019, the observe regarded ahead to holding the primary Finnish Grand Prix since 1982 in 2020.

    Of course, the COVID-19 pandemic eradicated that risk for each the 2020 and 2021 seasons. Yet once more, MotoGP was scheduled to interrupt its 40-year Finnish absence with a spherical on the Kausala circuit on July 10, 2022. However, the continuing battle between Russia and Ukraine pressured FIM, IRTA, Dorna Sports, and KymiRing officers to postpone the occasion till 2023.

    At least, that was the story on the floor. Aside from the fraught geopolitical state of affairs within the area, different stories cited homologation work on the racecourse as one other driving power behind the 2022 cancelation. The organizers pulled the plug on the Finnish spherical lower than seven weeks earlier than the July 10, 2022, race weekend.

    At that time, the KymiRing nonetheless needed to pave the paddock, entry roads, and ambulance lanes. The timeline for these important infrastructure tasks prolonged because of the postponement, however it seems to be just like the KymiRing is in worse situation following the canceled 2022 spherical.

    Most lately Finnish newspaper Iltalehti reported that KymiRing nonetheless owes development corporations Maanrakennus Pekka Rautiainen ky and Macra oy €370,000 ($380,000 USD) and €264,000 ($271,000 USD), respectively. For that cause, the 2 companies filed a chapter petition in opposition to the KymiRing on the Päijät-Häme District Court on Tuesday, June 28, 2022. Sadly, the KymiRing homeowners nonetheless weren’t in a position to pay the debt, triggering chapter proceedings.

    “We are aware that the application has been submitted,” admitted KymiRing CEO Riku Ronholm. “However, we have not yet received the application, so we are not commenting at this stage. KymiRing’s board of directors and the owners will discuss the matter internally today and in more detail after the application and its contents have been received.”

    We’ll have to attend for organizers to substantiate receipt of the chapter software earlier than we all know the KymiRing’s destiny, however hopefully, the circuit catches a break someday quickly.

    Source: www.rideapart.com

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