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The 2011 MotoGP Championship heads to Jerez, Spain this week, as the premier class gets ready for its second race of the season. 2011 so far has been a tough year for motorcycle tracks. First there was concern over whether Donington Park would get FIM homologation in time for World Superbike’s visit (spoiler alert: they did).

Then there was concern over New Jersey Motorsports Park, which filed for Chapter 11 protection, as the east coast venue sorts itself out financially with its creditors. MotoGP hasn’t been immune to this issues as well, as both Brno and Jerez have seen some concern of their future outlook.

While Brno is looking for help from the national government to make the dollars and cents make sense, Jerez was in a similar predicament except that the track has missed its last loan payment, and had its assets frozen my a local magistrate. Concerns over Jerez can now be put to ease though as the Andalusian State Government has announced that it will underwrite the popular Spanish racing venue through 2016.

John Hopkins has seemingly been unable to get out to Qatar in time to fill-in for the injured Álvaro Bautista, instead Rizla Suzuki will go without a rider for the Qatar GP. Despite that setback, Hopper will pick-up with the Suzuki squad at the Spanish GP, racing once again on the GSV-R at Jerez. Out of all the riders in the MotoGP paddock, Hopkins has had the most success with the Suzuki MotoGP bike, finishing fourth in the 2007 MotoGP Championship.

Spanish fans might get short-changed one of their four MotoGP rounds this year, as news comes that the managing group of the Jerez de la Frontera track has hit financial troubles. Missing a €2.5 million payment to the city of Jerez, courts have frozen Cirjesa’s assets (the company that oversees the circuit’s operations), which includes its payment to Dorna to host the Spanish GP round.

Jerez de la Frontera incurred these costs after re-vamping its facility back in 2005, a move which was financed by the Spanish city and other financial backer. With the land valued at €17 million, there is plenty of equity in the circuit to make good on the outstanding payment, and it looks like the city is eyeing the surrounding property for recompense on some of the full debt amount.

Did you ever wonder what a MotoGP win looks like on paper? Take away the close-passes, the high-speed wobbles, and on-air commentary, and all that’s left behind is the truth in the lap times. No excuses, no almosts, the above is a graphical represenation of what coming back from a 3.75 second deficite looks like at the storied Spanish track of Jerez, which saw Jorge Lorenzo win by over half a second when it was all said and done. Click here for a higher-res version.

Source: E_Bland

For those following the construction of the Balatonring in Hungary, the news that the Hungarian GP has been officially cancelled by Dorna and the FIM should be of little surprise. After having a myriad of problems, especially finding funding, the Hungarian track was a dealt a death blow this Monday when the Hungarian Development Bank declined to underwrite a loan for the track. With no money in sight, Dorna and the FIM had no choice but to officially cancel the venue, and implement Plan B, which sees MotoGP stopping at four, yes four tracks in Spain for 2010. Read more after the jump.

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Going into Sunday’s race, it seemed for certain that a Spaniard would once again be on the podium at Jerez. Then The Doctor showed up with a lightning fast warm up time, that just eeked out Jorge Lorenzo’s. With the Italian interjecting himself on this previously Spanish only affair, the Spanish GP was shaping up to be a a blood sport exhibition for the 123,000 Spanish fans filling the grandstand. Continue reading on for a full race report from Jerez.

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It took Jorge Lorenzo just 1’38.933 to lap around the circuit at Jerez, and put himself at the front of the grid on Sunday for the MotoGP Spanish Gran Prix. The Spainard didn’t disappoint his home crowd, as he staved off the other local favorite, Dani Pedrosa.

The two riders have been in top form all week, and Pedrosa again demonstrated his improving form and fitness on the Repsol Honda RC212V , lapping just 0.051 seconds behind Lorenzo to take the second place spot on the starting line tomorrow. Completing out the front row is Casey Stoner, who was half a second behind Lorenzo at what he describes as his least favorite track.