Ecclestone deal could save F1's Nurburgring race

Jul.18 (GMM) Bernie Ecclestone has reportedly offered to waive F1's usual race sanctioning fee in 2013 amid the Nurburgring's deepening financial crisis.

Bernie Ecclestone, CEO Formula One Group
Bernie Ecclestone, CEO Formula One Group

Photo by: xpb.cc

State governor Kurt Beck on Wednesday announced that the circuit, scheduled to return to the calendar next year, is launching "orderly insolvency proceedings" because the European Commission is to reject a government bailout.

That sounds disastrous for the future of the F1 race, which in recent years has annually alternated the German Grand Prix with Hockenheim.

But German reports by the news agencies DPA and DAPD, and by the Abendblatt newspaper, said that despite the news, "there could still be Formula One races at the Nurburgring in the future".

The reports revealed that the German race organisers have agreed with F1 chief executive Ecclestone that the sanctioning fee in 2013 will not be paid, with the 81-year-old agreeing in return to "bear all costs but also claim all revenues".

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags beck, ecclestone, fia, fom, nurburgring

User photos

Motorheart
F1

Motorheart

1 photos
momomoy52
F1

momomoy52

18 photos
sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
Upload photo