Balatonring was to be a 4.650 km long motor racing circuit, located in Sávoly, Hungary near Central and South Europe's biggest lake Balaton. The circuit is located about 180 km away from Budapest, the capital city of Hungary. Spain's Balatonring Zrt was to operate the racing circuit with 70% share owned by Worldwide Circuit Management S.L. (WCM) and Magyar Turizmus Zrt. (Hungarian Tourism Board) owning 30%.