The autodrome of Adria International Raceway which closes its doors with i seals following a procedure of failure of F&M srl (Bankruptcy n ° 29/2020 F & M SRL).
On Monday 17 January 2022 thebailiffon the recommendation of the bankruptcy trustee Dott. Giovanni Tibaldo, ordered the evacuation of the premises of the Adria racetrack for which the Guardia di Finanza identified a “hole” in the financial statements of 53 million euros. The On March 31, however, the auction is scheduled of movable assets.
The seals were immediately challenged by the current one property (Bioitalia) which, considering itself unrelated to bankruptcy proceedings in place and on the strength of a preliminary agreement with the property owner of the structure, he believes he has the right to continue his business.
Seals at the Adria racetrack due to bankruptcy of F&M srl
The issue that led to the closing of the Adria circuit is quite complex. The procedure of failure it is not tied to society Bioitalia currently the owner who manages the track, but concerns the company F&M srl which for a period only administered the management of the Veneto circuit, without owning it.
The facility is owned by a fund set up by various companies.
The current management company Bioitalia has signed a preliminary agreement with the owner fund, paying a deposit of 1.5 million euros. In light of this contract, Bioitalia is a healthy and debt-free company and has claimed from the beginning of the affair to have all the rights to continue their business in the racetrack.
Bankruptcy of the Adria racetrack
The society F&M srl was declared bankrupt on October 26, 2020 from Court of Rovigo with number 29/2020 and 2 appointed curators, Dr. Giovanni Tibaldo and Dr. Roberto Nervoni. The bankruptcy proceedings unfortunately led to the definitive closure of the plant, that the March 31, 2022 against his will he will be the protagonist of an auction where the movable assets of the F&M Company will be sold.
👉 JUDGMENT OF BANKRUPTCY ADRIA racetrack (F&M srl)
Adria track abandoned
The sale of about 200 pieces for the moment puts an end to the Venetian track. It will be a painful goodbye or a goodbye at a better time and with a new property? Meanwhile Adria in the absence of buyers it risks abandonment.
It would be a real shame to count it among the abandoned racetracks of our country.
Race and free practice on the Adria track canceled?
Unfortunately, the bankruptcy situation of the Adria racetrack had a painful ending, with the cessation of all sporting activities on the circuit. Already at the time of seals to the structure all scheduled events and championship matches of the WSK World Championship“nursery” category for Formula 1 drivers, al Adria Rally which should have taken place from 10 to 13 February 2022 last.
All the free practice sessions on the track which would normally take place on a weekly basis from Monday to Friday.
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