Friday, April 19, 2024

Danish Le Mans team threatened with bankruptcy

Several of the companies in the group of which GMB Motorsport is a part have already gone bankrupt.

GMB Motorsport has had a lot of arm movements. But they have become really small at the moment. The billionaire Birch family has had to see many of its companies go bankrupt recently.

And at GMB Motorsport, the same cannot be ruled out.

Midtjyllands Avis writes that the Danish Le Mans team's future 'hangs by a thin thread'. This even though most of the team's employees are still at work.

It was at the beginning of the month that the pressured billionaire René Birch announced mass layoffs in his companies. It was because several of them fell into bankruptcy.

READ ALSO: New investigation reveals the most flawed electric cars

However, René Birch will not answer how many there are. But motorsport has been an expensive pastime for the Birch family. The Danish team came up short in its first two financial years with a double-digit million deficit.

Just a year ago, there were otherwise great ambitions to trace in the Danish garage. At the time, it appeared that they wanted to enter the 2024 edition of Le Mans with as many as two cars.

As recently as last December, GMB Motorsport told the people that they had signed a contract with Aston Martin.

A contract that secured them the delivery of the new Vantage GT3 for the 2024 edition of Fanatec GT World.

Read more news from and about the world of motorsport right here!

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