Hungarian motorcycle Grand Prix

The event was attended by many local officials of the Sávoly region, one of them being Gordon Bajnai, as well as 2007 125cc world champion Gábor Talmácsi and his then team manager Jorge Martínez as he was one of the driving forces behind the project.Dollars) with the racing facility projected to draw 100.000 tourists and generate a revenue of 2 billion Forint or 7.75 million Euro's at the time during its first year of operation.Worldwide Circuit Management and Magyar Turizmus have established a joint venture relationship where 30% of the venue is owned by WCM and 70 by the Hungarian Tourism Agency.[13] However, progress on the circuit was very slow due to the outbreak of the Financial crisis of 2007–2008 which caused the Spanish construction industry to be plunged into an economic meltdown and plummeting the value of the Hungarian Forint as well.[21] In November 2009, The Budapest Times reported that Sedesa was 'almost certain' to receive a 50 million Euro (15.3 billion Forint) loan from the state-owned Hungarian Development Bank, which was necessary to finish the project by the then delayed deadline of August 2020.The organisers asked for the loan earlier in the year and as the approval process was longer than expected, the company began construction at its own risk at the beginning of October 2009.[22][23] After pressure from the groups, then Prime Minister Bajnai ordered the Ministry of National Development and Economy to make the feasibility study of the project public.[20][29] In 2020, Tibor Schuller, mayor of Sávoly, hoped that the government would at least finish the original circuit because, in terms of its status, the track is still registered as a state-owned investment and the surrounding infrastructure is also good.The renovation, which began in October 2018 after the venue secured crucial state funding, focussed on the altering of some turns and run-off areas as well as the construction of a new grandstand, commentary boxes and a new pit complex.Once the project is underway, the circuit's Chief Executive Officer Zsolt Gyulay confirmed that they will hold discussions with the FIM to see if it's possible to host MotoGP on the track again.[35][34][36][37] Minister for Innovation and Technology László Palkovics said that he was "very happy to announce MotoGP is set to return to Hungary" and that "a strategy for the development of Hungarian motorsports will be submitted to the government; this strategy will include numerous objectives and measures, and - in addition to success in the sport and its impact on tourism - it is also needed because the industry has a dominant impact on the success of the Hungarian economy.".[38] In February 2020, Budapest Business Journal reported that the Hungaroring is once again being considered as a venue for the 2022 race, a government official said in a response to a query by a Hungarian opposition MP posted on the website of the parliament."[39] On 21 June 2020, it was confirmed that Hungary will build a new modern, multifunctional and economically operable racetrack near Hajdúnánás, at the centre of the Debrecen-Miskolc-Nyíregyháza triangle, in the north-eastern part of the country.Palkovicz continued, stating that the reason for these big investments result in the prominence of a region and that they want east Hungary to become a new centre of the Hungarian automotive industry after Győr, Kecskemét and Debrecen.