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I don't think the Blancpain Series really was the reason as the bulk of the field at Hungary was usually made up of touring cars and non-FIA-spec GTs.
I think their best entry was somewhere in the mid-30s one or two years ago.
What really killed them was the late move to May to make room for the Barcelona race in fall. Not only was it on rather short notice, but the date is inherently a bad one with VLN-teams being in preparation mode for the 24 hours at the Ring and of course all other national series like BTCS and Britcar in full swing.
In October teams are far more likely to skip a round of their domestic series for a 12 hour event, because many of them will be out of the championship race in their respective series by that time.
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