P1racenews AI automatic summary:
After a newly designed racing circuit project fell into bankruptcy last year, a new group of investors has taken on the task of recovering the development to make it a permanent home of motorsport.
A consortium of investors led by TRP Hungary has acquired the assets of the KymiRing facility in Finland, which filed for bankruptcy last year. The 4.5 kilometre circuit, located 110km northeast of Helsinki, opened in 2019 with plans to host MotoGP competitions. Due to Covid-19, the 2020 race was canceled and the 2021 event postponed. The 2022 Finnish Grand Prix was ultimately removed from the calendar, leading to financial trouble for the track. TRP Hungary, with experience in motorsport events, has taken over the project as a private-funded initiative to boost the leading motorsport facility in the region. The ambition is to elevate the KymiRing to Grade 1 FIA circuit status while seeking local expertise and celebrating Finland’s motorsport heritage.
