The Dundrod event has been through a rocky few years since its last running in 2019, when bad weather led to its lowest-ever spectator turnout.
The former organisers, the Dundrod Club, were issued with a winding up order in 2020 when its debts of over £300,000 emerged. It had to enter into a voluntary arrangement with creditors to pay this back.
This came after the Dundrod Club was accused of mishandling government funds – something it denied.
The 2020 and 2021 events were scrapped, but a lifeline was thrown to the Ulster GP when it was taken over by the Revival Racing Motorcycle Club last August.
However, it was confirmed on Monday that the 2022 Ulster GP – which was due to be its centenary running – has had to be cancelled as the requested funds from Tourism NI to help stage both the North West 200 and the Ulster GP did not materialise.
“We would like to place on record our sincere thanks to the Department of Economy and Department of Finance, who both fully endorsed…
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