Top touring car and sportcar squad Schnitzer Motorsport set to be liquidated

Multiple championship-winning touring car and sportscar squad Schnitzer Motorsport is set to be liquidated and preparing to sell its assets after BMW Motorsport decided against renewing its contract for 2021

Top touring car and sportcar squad Schnitzer Motorsport set to be liquidated

The team was a dominant force in tin-tops in the 1980s and 1990s, sweeping to European, World, German and Italian titles with Roberto Ravaglia between 1986 and 1991, and notably won the 1999 Le Mans 24 Hours with a BMW V12 LMR.

In recent times, it has focused on GT racing and won the 2018 Macau GT World Cup with Augusto Farfus.

But its 50-year association with BMW ended when the Bavarian marque announced in December that it would be cutting back its support for customer GT racing programmes for the final homologation year of its venerable M6 GT3.

That put the future of the family-run Schnitzer Motorsport outfit in jeopardy and team boss Herbert Schnitzer Jr has now confirmed that the outfit is "currently implementing the liquidation".

He told Autosport that "certain things have already been sold", and that a full catalogue of assets is currently being compiled.

"Our hearts are really bleeding," he said. "We've spent more time together in some cases than with our families - apart from me, because it is my family."

Schnitzer explained that he is hopeful of finding a buyer who can keep the team together.

"The end can only be averted if a buyer still comes along who takes over a great amount of the business and the staff," he said.

"We would then make an agreement on the use of the name.

"Then the buyer can still decide whether he wants to rent or buy the location or open a new one. That would be the only chance to avert this.

"Part-ownership does not work through the decision to close the business.

"It's really about someone buying it and reviving it in a different form. What's most important is that people are taken on."

Schnitzer added that the rights to use the family name to ensure its continuation in motorsport is also up for discussion.

"If someone wants to do motorsport as Schnitzer and with our logo, there is still a chance afterwards," he said.

"Then he would have to buy new equipment. But he would have to take over the people - that is also the legal basis.

"But since we will also sell our memorabilia and our trophies at some point, it would be good if this buyer were there early, because that is our history.

"So if someone comes now, then we would stop our preparations for the sale presentation. Hope dies last."

shares
comments
Paddy Lowe to headline Autosport International Connect

Previous article

Paddy Lowe to headline Autosport International Connect

Next article

Australian touring car legend John Bowe diagnosed with cancer

Australian touring car legend John Bowe diagnosed with cancer
Load comments
The one-time Schumacher rival rebooting his career Down Under Plus

The one-time Schumacher rival rebooting his career Down Under

Joey Mawson made waves in the middle of the last decade, beating future Haas Formula 1 driver Mick Schumacher - among other highly-rated talents - to the 2016 German F4 title. A run in F1's feeder GP3 category only caused his career to stall, but now back in Australia Mawson's S5000 title success has set that to rights

General
May 8, 2021
The lesson football’s would-be wreckers could learn from racing Plus

The lesson football’s would-be wreckers could learn from racing

OPINION: The greed-driven push for a European Super League that threatened to tear football apart is collapsing at the seams. Motor racing's equivalent, the football-themed Superleague Formula series of 2008-11, was everything that the proposed ESL never could be

General
Apr 21, 2021
The F1 and Indy 'nearly man' that found contentment in Japan Plus

The F1 and Indy 'nearly man' that found contentment in Japan

Having had the door to F1 slammed in his face and come within three laps of winning the Indianapolis 500, the collapse of a Peugeot LMP1 shot meant Japan was Bertrand Baguette's last chance of a career. But it's one which he has grasped with both hands

General
Feb 27, 2021
The female all-rounder who arrived "too early" Plus

The female all-rounder who arrived "too early"

From Formula 3 to truck racing, Dakar and EuroNASCAR via a winning stint in the DTM, there's not much Ellen Lohr hasn't seen in a stellar racing career that highlights the merit in being a generalist. But she believes her career came too early...

General
Feb 17, 2021
How Radical's latest machines fare on track Plus

How Radical's latest machines fare on track

The lightweight sportscar manufacturer has not rewritten the rulebook with its latest machines, but the new SR3 XX and SR10 still provide a step forward on its previous successful models

General
Feb 8, 2021
The real-life racing rogues stranger than fiction Plus

The real-life racing rogues stranger than fiction

The forthcoming Netflix film linking the world of underworld crime and motorsport plays on a theme that isn't exactly new. Over the years, several shady figures have attempted to make it in racing before their dubious dealings caught up with them

General
Jan 31, 2021
How a GP is thriving in a COVID-free territory Plus

How a GP is thriving in a COVID-free territory

The New Zealand Grand Prix's mix of rising talent and big-name stars thrilled the crowds (yes, remember crowds?) assembled for the Toyota Racing Series meeting at Hampton Downs last weekend and left distant observers craving a repeat

General
Jan 26, 2021
How a much-changed Macau GP kept the party going Plus

How a much-changed Macau GP kept the party going

OPINION: The 67th edition of the Macau Grand Prix might have been a largely muted affair to the outside world without its international influx and star line-ups, another victim to the COVID-19 pandemic, but organisers deserve huge credit for keeping the party going

General
Nov 24, 2020