[kropotkin thinks...] - Hungarian MotoGP Round Officially Canceled By Motorland Arago

[Ninjette Newsbot]

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The Hungarian round of MotoGP has been troubled from the start, and doubts have hung over it ever since the end of 2008, when it became clear that the Spanish/Hungarian construction conglomerate building the circuit was having trouble completing the track. The 2009 Hungarian round was first pushed back from the spring to September, before being canceled altogether, and the debut planned for September 2010.

Even that has proved too much, though. Rumors that the round would be canceled altogether emerged earlier this week, after the Hungarian Development Bank MFB refused to underwrite a loan over doubts over the financial viability of the project and allegations of corruption. Without that bank guarantee, the project was effectively dead in the water, and cancellation of the Hungarian round of MotoGP was just a matter of time.

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