Despite the mountain of debt facing the Circuito de Jerez, the 2012 MotoGP round looks set to go ahead. Over the past couple of days, doubts had appeared in the Spanish press over whether the 2012 race at Jerez scheduled for April 29th would be able to go ahead, but reports from the Mayor of Jerez' office indicate that the Spanish Grand Prix at Jerez will go ahead as scheduled.
The financial problems at the Jerez circuit go back a long way. They started with construction work carried out by a consortium including the construction firm Serviobras back in 2001, work which Cirjesa, the municipal association which owns the circuit, had yet to pay for. Over the years, those debts grew to a massive 45 million euros, reportedly including some 6 million euros to Dorna, the company that runs MotoGP. The situation got so far out of hand that at the end of October, the Jerez City Council terminated the contracts with Gestion Circuito de Jerez and Two Wheeled Promotions Ltd, the two private companies that had been brought in to run the circuit, and took it back under its own administration.
Michael Michele Michelle Behennah Michelle Branch Michelle Malkin
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