In a press conference held at Sachsenring this afternoon, organizers of the German MotoGP round announced that they will no longer be hosting MotoGP events as of 2012. ADAC, the organizer for Sachsenring's GP, sited financial losses as the reason for no longer hosting the prestigious world championship event. Losses from the 2011 race alone amounted to 600,000 Euros, meanwhile increases in Dorna's fees to host the event have also doubled, from 2 million Euros to 4 million Euros. Despite efforts to increase ticket prices, ADAC was still coming up short and is no longer able to host the MotoGP events. Sachsenring has played host to MotoGP events since 1998. It is expected that the Sachrenring event will be replaced by Lausitzring or Nurburgring.
Hot on the heals of the Sachsenring announcement, news also surfaced that MotoGP would return to Argentina in 2013. According to MotoGP.com, an agreement was signed in Paris today between the Argentian government, the Governor of Santiago del Estero province, OSD and Dorna Sports which secured a round of the MotoGP World Championship in Argentina for 2013. The Grand Prix of Argentina will be held at the Autodromo Termas de Rio Hondo in the Santiago del Estero province, as part of a three year deal. The agreement is subject to the necessary renovations being carried out to bring the circuit within the required MotoGP safety standards, according to MotoGP.com.
All of this news comes as riders and teams travel to Spain's Motorland Aragon for Round#14 of the MotoGP World Championship this weekend.
